[ET Net News Agency, 24 February 2017] Microware Group (01985), an IT infrastructure
solutions providers, said it intends to issue a total of 60 million shares, of which 90%
or 54 million shares are for international placing (subject to adjustment); and the
remaining 10% or 6 million shares (subject to adjustment) are for HK public offering.
The indicative offer price range is between HK$1.2 and HK$1.46 per share. Net proceeds
to be received by the group from the global offering are estimated to be HK$51.8 million.
The HK public offering starts today, and will end on 1 March.
The final offer price and the results of the allocation are expected to be announced on
7 March. Dealing in the shares on the main board is expected to commence on 8 March. (KL)