Gelonghui February 27 | Chinese circular packaging service provider Youlesai Sharing (2649.HK) is conducting an IPO from today until next Wednesday (March 4), offering 20.336 million H-shares. The Hong Kong public offering accounts for 10%, with the rest allocated internationally; the offer price ranges from HKD 11 to HKD 14 per share, raising up to HKD 285 million. The minimum order is 500 shares, with an entry fee of HKD 7,070.60. Shares will be listed on March 9. CITIC Construction International is the sole sponsor.
The company plans to use approximately 25% of the net proceeds to improve and upgrade digital systems and platforms, about 25% to advance its overseas expansion strategy, around 20% to expand its service network, approximately 20% to extend service application scenarios to other downstream industries through acquisitions, and about 10% for general corporate purposes and working capital.
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Youle Sai Shares (2649.HK) start offering today, with an entry fee of HKD 7071
Gelonghui February 27 | Chinese circular packaging service provider Youlesai Sharing (2649.HK) is conducting an IPO from today until next Wednesday (March 4), offering 20.336 million H-shares. The Hong Kong public offering accounts for 10%, with the rest allocated internationally; the offer price ranges from HKD 11 to HKD 14 per share, raising up to HKD 285 million. The minimum order is 500 shares, with an entry fee of HKD 7,070.60. Shares will be listed on March 9. CITIC Construction International is the sole sponsor.
The company plans to use approximately 25% of the net proceeds to improve and upgrade digital systems and platforms, about 25% to advance its overseas expansion strategy, around 20% to expand its service network, approximately 20% to extend service application scenarios to other downstream industries through acquisitions, and about 10% for general corporate purposes and working capital.