Jinwu Financial News | Saimu Technology (02571) starts its public offering today, planning to issue 33.3334 million shares Listed in Hong Kong, of which 10% is for public sale in Hong Kong, while the rest is for international placement, with an additional 15% over-allotment option. The proposed share price ranges from 12 HKD to 18 HKD per share, with a minimum investment of 200 shares, making the entry fee 3,636.31 HKD. Guangyin International is the exclusive sponsor. Shares are expected to be listed on January 15.
Based on the midpoint offer price of 15 HKD per share, the expected net fund raised is approximately 0.4279 billion HKD, of which approximately 62.2% will be used for ongoing research and development investments; about 27.8% will be allocated for regional expansion and marketing of products and services; and around 10% will be used for general corporate purposes and to supplement working capital.
