Jinwu Financial News | Dream Gold Garden (02585) will start offering shares today and plans to issue 43.9568 million H shares, of which 10% are Hong Kong public offerings, 90% are international placements, and 15% are over-allotted shares. The offering price per share ranges from HK$12 to HK$14.4, with an entry fee of HK$2,909.04 per lot of 200 shares. CITIC Securities is the sole sponsor. The shares are expected to be listed on November 28.
Based on the median issue price of HK$13.2, the net amount of capital raised is expected to be around HK$0.502 billion. Approximately 50% of the net amount will be used to upgrade production facilities in Weifang, Shandong to enhance the Group's production capacity to achieve further business growth; about 34% will be used to expand and strengthen the Group's franchise network; and about 16% will be used to invest in information technology.
