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香港印刷服务提供商星辉新发展(SFHG.US)上市首日收涨32.5% IPO发行价为4美元/股

Hong Kong printing service provider Xinghui New Development (SFHG.US) closed up 32.5% on its first day of trading. The IPO price was $4 per share.

Zhitong Finance ·  Oct 16 02:51

Starlight New Development landed on Nasdaq on Tuesday, with a first-day closing increase of 32.5% to $5.30.

According to the fintech app, headquartered in Hong Kong, China, the printing service provider Starlight New Development (SFHG.US) landed on Nasdaq on Tuesday with a first-day closing increase of 32.5% to $5.30. The company's common stock was issued at $4 per share, with 2 million shares released to the public.

In this fundraising, Starlight New Development plans to use 35% of the funds to strengthen the printing business of its operating subsidiaries in Hong Kong, expand market share in the United States and other international markets; 35% to purchase machinery and upgrade the production equipment of its operating subsidiaries to enhance automation; approximately 30% for working capital and other general corporate purposes.

Information shows that Starlight New Development mainly provides printing services in Hong Kong and mainland China, with its operating subsidiaries in the printing industry having over 20 years of experience. They offer various printing products, including: (1) book products, mainly children's books, educational books, art books, notebooks, diaries, and logs; (2) unique trinkets and packaging products, such as handicrafts, book covers, pop-up books, stationery, products with assembly components, and other specialized products, shopping bags, and packaging boxes. The company's main revenue comes from providing printing products to bookstores in Hong Kong, whose customers are global, especially in the USA and Europe.

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