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Nanjing Sinolife United Co Ltd announces global offering

Monday, 30 Dec 2013 05:22pm EST 

Nanjing Sinolife United Co Ltd:Says the global offering comprises the Hong Kong Public Offering of initially 20,380,000 Hong Kong Public Offer Shares (subject to adjustment), and the International Offering of initially 183,420,000 International Offer Shares (subject to adjustment and the over-allotment option).Says offer price will not be more than HK$2.00 per offer share and is currently expected to be not less than HK$1.50 per offer share, unless otherwise announced.Says net proceeds of the Global Offering which it receive, assuming an offer price of HK$1.75 per H Share (being the mid-point of the Offer Price range), will be about HK$333.9 million.Says 43 pct, or HK$143.6 mln, will be used to expand production facilities in Nanjing, Jiangsu province and about 34 pct, or HK$113.5 mln, will be used to finance marketing and promotional activities for the next two years.Says its stock code is 3332.