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<IPO>JOYSON ELEC IPO Starts Tdy w/ Entry Fee HKD11,919; CCB, FOSUN INTL Subsidiaries as Cornerstone Investors
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JOYSON ELEC (00699.HK) (600699.SH), a smart automotive technology solutions provider listed on the Shanghai Stock Exchange, has announced its IPO details in Hong Kong. The company plans to offer 155.1 million H-shares globally, with the Hong Kong public offering accounting for 10% (15.51 million shares) and the international offering accounting for 90% (nearly 140 million shares). The maximum offer price is HKD23.6 per share, aiming to raise up to around HKD3.66 billion. The entry fee for a board lot of 500 shares will be around HKD11,919.01. The IPO will commence today (28th) and close next Monday (3rd), with the listing of shares expected for next Thursday (6th). CICC and UBS are joint sponsors. JOYSON ELEC has introduced seven cornerstone investors for its IPO, including JSC, Jump Trading, CCB (00939.HK)'s subsidiary Vandi, and FOSUN INTL (00656.HK)'s subsidiary Fidelidade. They will collectively subscribe for shares worth around USD107 million, involving about 35.252 million shares (around 22.73% of the total offering shares) at the maximum offer price. AAStocks Financial News |
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