[ET Net News Agency, 20 January 2015] Time2U International Holding (01327) said it
plans to issue a total of 260 million offer shares, accounting for 32.5% of the enlarged
issued share capital of the group.
Of which 90%, or 234 million offer shares, are for the international offering (including
130 million new shares and 104 million sale shares). The remaining 10%, or 26 million
offer shares, are for Hong Kong public offering.
The indicative offer price range is between HK1.1 per share to HK$1.3 per share. Net
proceeds to the company from the global offering are estimated to be HK$134.4 million to
HK$164.2 million.
The Hong Kong public offer begins today and ends at noon on 23 January. The final offer
price and allotment results are expected to be announced on or before 29 January. Trading
of Time2U's shares is expected to commence on the main board of HKEx on 30 January.
Cinda International Capital is the sole sponsor, sole global coordinator and sole
bookrunner. Cinda International Capital and Convoy Investment Services are the joint lead
managers of the global offering. (KL)