Hong Kong financial technology company K Cash announced its listing plan on the main board of the Hong Kong Stock Exchange (0388) on the 24th. The company plans to sell 125 million shares, of which 12.5 million shares will be sold in Hong Kong, accounting for 10%, and international placements will account for the remaining 90%. The shares were priced at 1.64 to 1.96 yuan, and the maximum amount raised was 281.8 million yuan.
The group stated that based on the mid-point of its offer price range of 1.8 yuan per share, if the over-allotment option is not exercised, the net proceeds from this transaction will be approximately 182.5 million yuan. The company's shares are held in lot sizes of 2,000 shares each, with an admission fee of NT$3,959.54 per lot. DBS Asia Capital (DBS) and China Ping An Capital (Hong Kong) serve as joint sponsors.
The company plans to start the public sale at 9 a.m. on November 27 (Monday) and close at 12 noon on the 30th. The pricing date is expected to be no later than 12 noon on December 1. The company's shares will be sold on December 5 (Tuesday). ) began trading on the Hong Kong Stock Exchange with the stock code 2483.HK.
In addition, the company's chairman and CEO Li Gentai revealed that K Cash has confirmed a cooperation agreement with the River Square platform, a wholly-owned subsidiary of New World (0017), and plans to join its blockchain platform Riverchain and launch it before the end of the year. (Hong Kong 01)