Changjiu Holdings Limited on its IPO process with Patrons as Joint Bookrunners and Joint Lead Managers
Changjiu Holdings Limited ("Changjiu Holdings"), stock code (06959.HK), commenced its IPO from 29 December to 3 January, with Patrons as Joint Bookrunner and Joint Lead Manager. It is learnt that the Group intends to issue about 50.54 million shares in this IPO project, of which 10% will be offered in Hong Kong and 90% will be placed internationally. The offer price ranges from HK$5.90 to HK$7.90 per share, with a board lot of 500 shares and an admission fee of about HKD3,989.84. The IPO is expected to be officially listed on 9 January. Changjiu Holdings will allocate the proceeds of the fund raising to improve the monitoring services for pledged vehicles, develop an integrated support system for the automobile distribution sector, and expand the operation and management capabilities of automobile dealerships, a portion of which will be used to expand the operation of sales and marketing capabilities.
