[ET Net News Agency, 24 March 2015] NIRAKU GC HOLDINGS (01245), the fourth largest
pachinko hall operator in Japan and the largest pachinko hall operator in Fukushima
Prefecture, said it intends to issue a total of 300 million shares, of which 90% are for
the international offering. The remaining 10% are for the Hong Kong public offering.
After deducting underwriting fees and estimated expenses payable by the group regarding
the global offering, the net proceeds are estimated to be HK$281 million before any
exercise of the over-allotment option and assuming an offer price of HK$1.19 per share,
being the mid-point of the proposed offer price range of HK$1.10 to HK$1.28 per share.
The Hong Kong public offering begins today and end at noon on 27 March. The final offer
price and allotment results will be announced on or around 2 April. Trading of NIRAKU's
shares is expected to commence on 8 April.
Shenyin Wanguo Capital is the sole sponsor, sole global coordinator, sole bookrunner and
sole lead manager of the global offering. (KL)
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IPO News
24/03/2015 09:27
NIRAKU (01245) kicks off IPO for HK$281mn