Futu News, November 9, this Tuesday $BEIJING JIAYE (02210.HK)$ An announcement was issued. The company issued 366.672 million shares, priced at HK$8.28 per share, and 400 shares per lot. It is expected to be listed on November 10.
During the public sale phase, Beijing Jiaye was subscribed 2.88 times. The final number of shares distributed to the public sale was 3.6672 million shares, accounting for about 10% of the total number of shares offered (before any over-allotment rights were exercised). A total of 6,377 valid applications were received. The first-hand winning rate was 25.07%, and the 5-lot subscription was stable.
Furthermore, the international offering was slightly oversubscribed. The final number of shares offered was 33 million shares, equivalent to about 90% of the total number of shares offered (before any overallotment rights were exercised). Futu Information collates relevant data in the following table:
The net proceeds of approximately HK$247 million will be used for the following purposes: approximately 60% will be used to seek selected strategic investment and acquisition opportunities for property management companies and property management-related service providers; approximately 25% will be used to fund the development of value-added services; approximately 10% will be used to develop and upgrade the company's information technology infrastructure and smart devices; and approximately 5% will be used to supplement the company's working capital and general corporate purposes.
Jingcheng Jiaye is a comprehensive property management service operator that provides diversified property management services to enterprises, institutions, public institutions and residents in the capital all year round. The company is a nationally renowned property manager...