Jinwu Finance News | Herbs Generation Group Holdings Limited (02593) begins its initial public offering today, proposing to issue 33.3336 million shares, with 10% available for public sale in Hong Kong and the remainder for international placement. The offering price per share is between HKD 3.75 and HKD 4.15, with a minimum investment of 33.5348 million HKD for 800 shares. The shares are expected to be listed on December 19. Agricultural Bank of China International serves as the sole sponsor.
Based on the median offering price of HKD 3.95, the expected net fundraising amount is about HKD 0.102 billion, with 35.7% intended for strategic marketing and promotional activities; 37.8% for expanding, improving, and optimizing the sales network; 4.7% for expanding and enriching the product portfolio; 12.4% for recruiting talent, with the remainder for working capital.
