Laifual Drive(03952.HK) Launches Public Offering Today, Entry Fee Approximately HK$8,636.22
NewTimeSpace News: Zhejiang Laifual Drive Co., Ltd. (03952.HK) commences its public offering on 22 June, with a board lot of 100 shares and an entry fee of roughly HK$8,636.22. The offer price range stands at HK$77.00 to HK$85.50 per share. The Company plans a global offering of approximately 13.4419 million H-shares and expects to list on 30 June. Ten cornerstone investors including Oaktree, Mingshan Capital, Harvest Global and CDH Global have been introduced, collectively subscribing for 5.3036 million Offer Shares, accounting for around 39.44% of the total Global Offering shares (assuming the Over-allotment Option is not exercised).
NewTimeSpace News: Zhejiang Laifual Drive Co., Ltd. (03952.HK) kicks off its public offering on 22 June 2026, and is scheduled to be listed on 30 June 2026.
As set out in the prospectus, the total number of Offer Shares under the Global Offering is 13,441,900 H-shares, comprising 672,100 Hong Kong Offer Shares and 12,769,800 International Offer Shares. The offer price range is HK$77.00 to HK$85.50 per share. Each board lot consists of 100 shares, corresponding to an entry fee of approximately HK$8,636.22.
For cornerstone placement, the Company has secured ten cornerstone investors in aggregate. They will subscribe for around 5,303,600 Offer Shares, representing approximately 39.44% of the total Global Offering shares (on the assumption that the Over-allotment Option remains unexercised). The cornerstone investors include Oaktree, Mingshan Capital, Harvest Global Asset Management, CDH Global, E Fund Management, Eurus Holdings SPC, Lake Bleu, Dream'ee HK Fund, FMF and Oasis Fund.
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