[ET Net News Agency, 23 February 2018] Simplicity Holding (08367) said its retail
offering was over-subscribed by about 13.79 times and the placing was moderately
over-subscribed.
The offer price has been determined at HK$0.275 per share, near the lower end of the
indicative price range of HK$0.27 to HK$0.33. The estimated net proceeds amount to about
HK$32.6 million.
Dealings in shares of Simplicity Holding are expected to commence on 26 February, with a
board lot size of 10,000 shares.
Simplicity Holding is a casual dining full service restaurant operator under 3
self-operated brands, namely Marsino, La Dolce and Grand Avenue, and Roast Beef Abura Soba
Beefst as franchisee, which is expected to commence operations by March 2018. (HL)