SCulture International Holdings Ltd Announces Initial Public Offering
SCulture International Holdings Ltd announced that it is offering 50,000,000 new Shares (subject to the Overallotment Option). The Global Offering comprises the Public Offer of initially 5,000,000 Shares, representing approximately 10% of the total number of Shares initially being offered in the Global Offering (subject to adjustment), and the International Placing of initially 45,000,000 Shares, representing approximately 90% of the total number of Shares initially being offered in the Global Offering Shares (subject to adjustment and the Over-allotment Option). The allocation of the Shares between the Public Offer and the International Placing is subject to adjustment as stated in the section headed ‘Structure and Conditions of the Global Offering. The Offer Price will not be more than HKD2.13 per Offer Share and is expected to be not less than HKD1.51 per Offer Share. Applicants for Public Offer Shares are required to pay, upon application, the maximum Offer Price of HKD2.13 for each Offer Share together with a brokerage fee of 1.0%, SFC transaction levy of 0.003% and Stock Exchange trading fee of 0.005%, subject to refund if the Offer Price as finally determined is less than HKD2.13 per Offer Share.
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