[ET Net News Agency, 16 January 2018] Furniture retailer Ulferts International Limited
(01711) said it intends to issue a total of 200 million new shares under a share offering,
comprising 180 million placing shares for subscription by investors and 20 million shares
for subscription by the public in Hong Kong, representing 90% and 10% of the total number
of the offer shares, respectively.
The offer price is expected to be between HK$0.38 and HK$0.62 per share. Assuming the
offer price of HK$0.50 per share, being the mid-point of the indicative offer price range,
the net proceeds is estimated to be HK$81.3 million.
The public offer opened today and closes on 19 January. The allotment results will be
announced on 26 January. Dealings in the shares of the group will commence on the main
board of HK stock exchange on 29 January.
Emperor Capital and OCTAL Capital are joint sponsors of the Group's listing. Emperor
Securities is sole book-runner and lead manager. The Bank of East Asia, and Taiping
Securities (HK) are co-lead managers. (KL)
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IPO News
16/01/2018 09:12
Ulferts International (01711) kicks off IPO for HK$81.3m