Futu News on June 29th announced that this Wednesday $WEILI HOLDINGS (02372.HK)$Announced the issuance of 0.2 billion shares, priced at HKD 0.63 per share, with a lot size of 4,000 shares, expected to be listed on June 30th.
During the public offering stage, Weili Holdings received approximately 11.37 times subscription, and the final number of shares allocated to the public offering was 20 million, accounting for approximately 10% of the total shares offered (before any exercise of options for additional shares). A total of 6201 valid applications were received, with a 5.39% allotment rate per lot.
In addition, the international offering was oversubscribed, with the final number of shares offered being 0.18 billion, equivalent to approximately 90% of the total shares offered (before any exercise of options for additional shares). Futu news has compiled the relevant data in the table below:
The company plans to use the net amount of 0.0903 billion Hong Kong dollars raised from the global offering for the following purposes: approximately 35.4% will be used to build a two-story factory building of about 8200 square meters; approximately 25.9% will be used to purchase four sets of advanced composite machines and ten sets of automatic control systems; approximately 19.5% will be used to enhance research and development capabilities; approximately 6.4% will be used to improve the company's enterprise resource planning system and infrastructure system to enhance operational efficiency; approximately 2.9% will be used for increased marketing investment; approximately 9.9% will be used as general working capital.
The company is a manufacturer of cigarette packaging paper in China, with research and development capabilities to supply customized products to customers. The company mainly targets the Chinese market and provides packaging solutions for tobacco products, as well as research and development of customized products for customers in various industries in China.