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What are the highlights of Dream Garden (02585.HK) starting its IPO?
According to information from the Hong Kong Stock Exchange, Mengjinyuan (02585.HK) conducted a public offering from November 21 to November 26, with a price range of HK$12 to HK$14.4 per share, in lots of 200 shares, and plans to list on November 29. Prior to this, Mengjinyuan also updated its performance dynamics, showing a positive development trend in the first half of the year. Since submitting the prospectus to the Hong Kong Stock Exchange this year, every move towards listing by Mengjinyuan has attracted investors' attention, especially as international gold prices have risen continuously this year, ushering in a new bull market, and companies in the industry have shown good performance in the first half of this year.
Mokingran Jewellery Group Launches Up To HK$633 Million Hong Kong IPO
The new stock IPO of Dream Golden Garden (02585) will start accepting subscriptions today. The entry fee is HK$2,909.04.
Golden finance news | Mengjinyuan (02585) will start its IPO today, intending to issue 43.9568 million H shares, with 10% for public offering in Hong Kong, 90% for international placement, and an additional 15% over-allotment option. The IPO price per share ranges from 12 Hong Kong dollars to 14.4 Hong Kong dollars, with a board lot of 200 shares and an entry fee of 2,909.04 Hong Kong dollars. Citic Securities is the sole sponsor. The shares are expected to be listed on November 28. Based on the middle price of 13.2 Hong Kong dollars for the offering, the expected net fundraising amount is about 0.502 billion Hong Kong dollars, with around 50% of the net proceeds planned to be used for upgrading production facilities in Weifang, Shandong to enhance the group's production.
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