Futu News, July 14th, announced that on Thursday this week... $DEEWIN (02418.HK)$Announcement: The company issues 0.543 billion shares, priced at 1.8 Hong Kong dollars per share, with 1500 shares per board lot, expected to be listed on July 15.
During the public offering stage, Deutsche Bank Asia Pacific received 0.42 times oversubscription. The final number of shares allocated to the public offering phase is 22.9005 million shares, accounting for approximately 4.2% of the total shares offered (before any exercise of over-allotment options). A total of 3131 valid applications were received, with a 100% allotment rate for single board lots.
In addition, the international offering has been oversubscribed, with the final number of shares offered approximately 0.52 billion shares, equivalent to approximately 95.8% of the total shares offered (before any exercise of over-allotment options). Futu News has compiled the relevant data as shown in the table below:
In terms of fundraising purposes, the company plans to use approximately 0.892 billion Hong Kong dollars of net proceeds from the global offering for the following purposes: approximately 37.5% will be used for the construction of offline digital storage and distribution network and maintenance service network for commercial vehicles after-market; approximately 22.5% will be used for the continuous development of the online service platform for commercial vehicles after-market (CheLunGunGun online platform); approximately 30% will be used to enhance the core technological capabilities and data service capabilities of the vehicle networking and data service sector; approximately 10% will be used to supplement general operating funds.
Deutsche Bank Tianxia provides a variety of value-added services to participants in the commercial vehicle industry chain, including logistics and supply chain services, financial services, and vehicle networking services...