Futu News, June 9, this Thursday$YOWA GROUP (02347.HK) $An announcement was issued. The company issued 55 million shares, priced at HK$2.1 per share, and 2,000 shares per lot. It is expected to be listed on June 10.
At the public sale stage, Youhe Group was subscribed about 8.37 times, and the final number of shares to be sold during the public sale was 5.5 million shares, accounting for about 10% of the total number of shares offered (before any over-allotment rights were exercised). A total of 4,622 valid applications were received. The first-hand winning rate was 20%, and the 20-lot subscription was stable.
Furthermore, the international offering has been oversubscribed. The final number of shares offered was 49.5 million shares, equivalent to about 90% of the total number of shares offered (before any overallotment rights are exercised). Futu Information collates relevant data in the following table:
The company plans to use approximately HK$74.7 million in net global sales for the following purposes: about 20.4% will be used to seize a higher market share through natural growth; about 7.1% will be used to expand the product supply range of the Group's e-commerce platform through the launch of online platform business; about 8.6% will be used to expand the Group's services to customers in China (especially in the Greater Bay Area); approximately 9.2% will be used to strengthen the Group's supply chain capabilities; approximately 11.8% will be used to further invest in brand management and marketing to enhance the effectiveness of the Group's marketing activities; approximately 19.2 % will be used to expand the Group's workforce to support the Group's business strategy; approximately 13.7...