New Stock Offering | FAR International Holdings, iMotion Auto Tech, and Jinyuan Hydrogenated Chemicals
Three new stocks are launching their initial public offerings today, and investors can apply for subscriptions.
FAR International Holdings Group launched a share offering in Hong Kong Tuesday, seeking to raise up to HK$170.8 million from the deal.
The Chinese cross-border e-commerce logistics service provider is offering up to 140 million shares expected to be priced in the range of HK$0.90 to HK$1.22 per share, according to a Tuesday filing.
FAR International expects to determine the offering price on Dec. 20 and disclose allocation results on Dec. 21. Shares will begin trading on the stock exchange on Dec. 22.
The e-commerce logistics platform intends to use the proceeds to put up new service outlets and upgrade existing ones, boost information technology infrastructure, and for working capital.
FAR International attracted Zhongcheng Dayou (Shenzhen) Investment Deputy General Manager Yang Yingwu, Shenzhen Wanmingsheng Industrial Marketing Director Liu Liyun, and Hangzhou Vanwarm Holding Group Chief Administrative Officer Guo Shaojun as cornerstone investors.
Grand Moore Capital, Valuable Capital, China PA Securities (Hong Kong), CMBC Securities, ICBC International Securities, and Shenwan Hongyuan Securities (H.K.), are the joint bookrunners and lead managers of the offering.
(Please note: Cash subscription deadline is 18/12(HKT)10:00)
Prospectus of FAR International Holdings Group: https://www1.hkexnews.hk/listedco/listconews/sehk/2023/1212/2023121200029.pdf
iMotion Automotive Technology (Suzhou) launched its initial public offering in Hong Kong Tuesday, seeking to raise up to HK$655.7 million from the deal.
The Chinese autonomous driving solution provider is offering up to 22,116,000 shares at HK$29.65 per share, according to a Tuesday filing.
iMotion Automotive Technology expects to disclose allocation results on Dec. 19. Shares will begin trading on the stock exchange on Dec. 20.
The autonomous driving solution provider intends to use the proceeds to fund research and development of its autonomous driving solutions and products, capital expenditure for its research and development and manufacturing headquarters, boosting its sales and service network, and for working capital.
iMotion attracted Zhejiang Qixin Zhixing Information Technology, Suzhou Industrial Park Industrial Investment Fund, SilkyWater Absolute Return, and Harvest International Premium Value (Secondary Market) Fund as cornerstone investors.
Citigroup Global Markets Asia, Citigroup Global Markets, Huatai Financial Holdings (Hong Kong), CCB International Capital, DBS Asia Capital, CMB International Capital, Goldlink Securities, Livermore Holdings, Soochow Securities International Brokerage, and Mouette Securities, are the joint book-runners and lead managers of the IPO.
(Please note: Cash subscription deadline is 14/12(HKT)10:00)
Prospectus of iMotion Automotive Technology (Suzhou): https://www1.hkexnews.hk/listedco/listconews/sehk/2023/1212/2023121200019.pdf
Henan Jinyuan Hydrogenated Chemicals launched its initial public offering in Hong Kong Tuesday, seeking to raise up to HK$358.4 million from the deal.
The company will be spun off from parent Henan Jinma Energy (HKG:6885), which will still control the chemical company after the dilution of its stock to not less than 72.29% from 100%.
The Chinese hydrogenated benzene-based chemicals and energy products supplier is offering up to 238,910,000 shares expected to be priced in the range of HK$1.10 to HK$1.50 per share, according to a Tuesday filing.
Henan Jinyuan Hydrogenated Chemicals expects to determine the IPO price on Dec. 18 and disclose allocation results on Dec. 19. Shares will begin trading on the stock exchange Dec. 20.
The chemicals supplier plans to use the proceeds to construct up to 10 additional gas stations with hydrogen refueling facilities, invest and acquire selected upstream or downstream market players, and to boost working capital.
The company attracted Zhongsheng Holdings, Genesis M, Prosperity Steel United Singapore, and Max Success Group Holdings as cornerstone investors.
Haitong International Securities, ABCI Capital, CCB International Capital, Central China International Capital, China Everbright Securities (HK), China Galaxy International Securities (Hong Kong), CMB International Capital, ICBC International Securities, Livermore Holdings, Maxa Capital, Shenwan Hongyuan Securities (H.K.), and UOB Kay Hian (Hong Kong), are the joint book-runners and lead managers of the IPO.
(Please note: Cash subscription deadline is 14/12(HKT)10:00)
Prospectus of Henan Jinyuan Hydrogenated Chemicals: https://www1.hkexnews.hk/listedco/listconews/sehk/2023/1212/2023121200021.pdf
How to Subscribe?
M+ Global has officially launched its new stock subscription feature for Hong Kong stocks. Investors can now easily subscribe to new stock offerings through our platform.
Wish you good luck and many profitable investments!
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Unfamiliar with Hong Kong IPOs? Click here to learn more: HK IPO: Everything You Need to Know