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Quali-Smart Holdings Ltd Announces Pricing Of Global Offering


Monday, 21 Jan 2013 05:36pm EST 

Quali-Smart Holdings Ltd announced that the offer price of its global offering has been determined at HKD1.50 per offer share (excluding brokerage of 1%, SFC transaction levy of 0.003% and Stock Exchange trading fee of 0.005%). Based on the offer price of HKD1.50 per offer share, the net proceeds to be received by the Company from the global offering after deducting underwriting commissions and other estimated fees and expenses in relation to the global offering payable by the Company are estimated to be about HKD64.0 million. The Company presently intends to use the net proceeds from the global offering in the following manner: approximately 52.5% (approximately HKD33.6 million) will be applied for importing and employing major equipment and machinery; approximately 30.0% (approximately HKD19.2 million) will be applied for the construction of the new factory building operated by Foshan Haoda; approximately 7.6% (approximately HKD4.9 million) will be applied for reorganising the Company’s existing design team and enhancing the Company’s research and development capabilities; and approximately 9.9% (approximately HKD6.3 million) of the net proceeds will be applied for working capital and other general corporate purposes. 

Company Quote

1.89
-0.01 -0.53%
3:58am EDT