[ET Net News Agency, 18 May 2018] Tian Yuan Group Holdings (06119), a port operator in
Southwest Guangdong, proposed to offer 150 million new shares, of which 90% are reserved
for placing (subject to adjustment) and the remaining 10% are earmarked for the public
offer (subject to adjustment) at an offer price range of HK$0.84 to HK$1.0 per share.
If the share option scheme is not exercised and the offer price is fixed at the high-end
of the offer price range, gross proceeds from the offering are estimated to be up to
HK$84.2 million.
The public offer started today, and will end at noon on 24 May.
The final offer price is expected to be fixed on 24 May and the allotment results will
be announced on 31 May. Trading of Tian Yuan's shares is expected to begin on 1 June.
RaffAello Capital is sole sponsor of the share offer, and RaffAello Securities (HK),
China Industrial Securities International Capital, Ping An Securities, and Zhongtai
International Securities are joint bookrunners and joint lead managers. (KL)
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IPO News
18/05/2018 09:52
Tian Yuan (06119) kicks off IPO to raise up to HK$84.2m