[ET Net News Agency, 15 March 2018] Apex Ace Holding (06036) said its retail offering
has been over-subscribed by about 258.12 times and the international placing has been
slightly over-subscribed.
The offer price has been determined at HK$0.5 per share, near the upper end of the
indicative price range of HK$0.4 to HK$0.58. The estimated net proceeds amount to about
HK$120 million.
Dealings in shares of Apex Ace are expected to commence tomorrow, with a board lot size
of 5,000 shares each.
Apex Ace Holding is a Hong Kong-based semiconductor and other electronic components
distributor. It principally engages in the supply of digital storage products, which
comprises Memory and Data & Cloud products, and general electronic components, along with
the provision of complimentary technical supports. Its customers are primarily market
players in the TMT sector in Mainland China and Hong Kong. (HL)
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IPO News
15/03/2018 11:21
Apex Ace (06036) retail IPO 258x over-subscribed