Weihua New Materials (603310.SH) announced that the issuer and the lead underwriter, based on the preliminary inquiry results, comprehensively evaluated the reasonable investment value of the company, the level of secondary market valuation of comparable companies, and the level of secondary market valuation of the industry, fully considered the effective subscription multiple of offline investors, market conditions, fundraising needs and underwriting risks, and negotiated to determine the issue price of 17.39 yuan / share.
The Wei Hua New Materials (603310.SH) announcement indicates that the issuer and the lead underwriter (or main underwriter) have determined the issuance price to be 17.39 yuan/per share based on the preliminary inquiry results. The company's reasonable investment value, valuation level of comparable companies in the secondary market, and industry-level valuation level were also carefully evaluated. They fully considered factors such as effective multiple of subscriptions by offline investors, market conditions, fundraising needs, and underwriting risks.
This offering's offline subscription date and time is from 9:30-15:00 on August 5th, 2024 (T day), and the online subscription date and time is from 9:30-11:30 and 13:00-15:00 on August 5th, 2024 (T day).