Futu Information reported on January 14 that this Friday $B.DUCK SEMK (02250.HK)$Announced that the company issued 120 million shares at HK$2.05 per share, with each lot consisting of 1,000 shares, expecting to be listed on January 17.
During the public offering phase, Deying Holdings received about 7.31 times subscription, and the final number of shares allocated to the public offering was 12 million shares, accounting for 10% of the total offering (before any over-allotment option is exercised). A total of 15,442 valid applications were received, with a one-lot winning rate of 30%, subscribing to 20 lots guarantees one winning lot.
In addition, the international offering has been oversubscribed, with the final number of shares being approximately 108 million shares, equivalent to 90% of the total offering (before any over-allotment option is exercised). Futu Information compiled relevant data as shown in the table below:
Regarding the use of proceeds, the company plans to use the net proceeds of approximately HK$206.8 million from the global offering for the following purposes: about 25.8% for enhancing brand image and intellectual property character recognition; about 25.7% will be used to build the company's "fan platform"; about 17.5% will be used to strengthen the company's new economy online sales channels; about 11.8% will be used to further enhance the company’s internal design capabilities by hiring approximately 60 designers to provide creative and innovative solutions; about 9.2% will be used to repay existing debts of approximately HK$40 million as of October 31, 2021, to improve the group’s debt-to-asset ratio; and about 10% will be reserved as general working capital. ...