BEFAR GROUP(06745.HK): Grey Market Falls 17.82% to HK$2.86

NewTimeSpace News: Befar Group Co., Ltd (06745.HK) traded at HK$2.86 in grey market trading today, down HK$0.62 or 17.82% compared with the offer price of HK$3.48. The Company will be formally listed on the Main Board of HKEX on 10 July.
NewTimeSpace News: Grey market trading commenced today for Befar Group Co., Ltd (06745.HK). As of press time, the grey market price stood at HK$2.86, representing a decline of HK$0.62 or 17.82% versus the offer price of HK$3.48. The Company is scheduled for official listing on the Main Board of The Stock Exchange of Hong Kong Limited tomorrow, 10 July.

The IPO subscription period ran from 30 June to 7 July. The final offer price was fixed at HK$3.48 per share. Under the global offering, approximately 352 million H-shares will be offered, with each trading lot consisting of 1,000 shares and an entry cost of HK$3,626.21. The gross fundraising size is roughly HK$1.102 billion.

Founded in 1968, Befar Group is an integrated chemical conglomerate with over 50 years of experience in the chemical industry.

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