[ET Net News Agency, 15 February 2019] KNT Holdings Limited (01025), a one-stop
solutions provider of bridesmaid dresses, bridal gowns and dresses for special occasions
based in the PRC, said it plans to offer an aggregate of 130 million shares for its global
offering, of which 90% are for the international placement (subject to reallocation and
the over-allotment option) and the remaining 10% for the Hong Kong public offer (subject
to reallocation).
The indicative offer price range is set between HK$0.98 and HK$1.26 per share.
Assuming an offer price of HK$1.12 per share (being the mid-point of the offer price
range) and after deducting underwriting fees, commission and other estimated expenses, net
proceeds from the global offering are estimated to be HK$74.3 million.
The Hong Kong public offer began today and will end at noon on 20 February. The final
offer price and allotment results will be announced on 27 February. Trading of KNT
Holdings' shares will commence on the main board of the stock exchange on 28 February.
Innovax Capital is the sole sponsor. Innovax Securities and Pacific Foundation
Securities are the joint global coordinators, joint bookrunners and joint lead managers.
Quasar Securities and Guotai Junan Securities (Hong Kong) are the joint bookrunners and
joint lead managers. (KL)