Futu News, March 21, this Monday $ARRAIL GROUP (06639.HK)$The announcement announced that the company will issue 46.527,500 shares, priced at HK$14.62 per share, and 500 shares per lot. It is expected to go public on March 22.
Rhyl Group received about 1.74 times more subscriptions during the public offering phase. The final number of shares offered for sale was 4.653 million shares, accounting for about 10% of the total number of shares offered (before any over-allotment rights were exercised). A total of 3,268 valid applications were received. The first-hand winning rate was 80%, and the two-hand subscription won the first hand.
Furthermore, the international offering has been slightly oversubscribed (about 1.62 times), and the final number of shares offered was 41.7745 million shares, which is equivalent to about 90% of the total number of shares offered (before any over-allotment rights are exercised). Futu News has compiled relevant data in the following table:
The net proceeds of approximately HK$590 million will be used for the following purposes: approximately 75% will be used for business expansion and the opening of new Rhyl and Ruitai hospitals and clinics in existing and new cities; approximately 15% will be used for the construction and optimization of information technology infrastructure; and approximately 10% will be used for working capital through initiatives to continue providing quality dental care services to customers.
Established in 1999, Rhyl Group has become a leading dental medical service group in China, with operations all over the country, and also operates Rhyl Dental (a leading high-port dental medical service brand) and Ruitai Dental (a leading medical service brand for high-port dental services) and Ruitai Dental (a brand of medical services in China)...