Haiqing Zhiyuan (1392) began its Hong Kong IPO subscription on June 16, with the offer closing on June 16 and shares set to list on June 22. according to Ming Pao, the offer price is HK$7.20 per share, with a board lot of 500 shares and an entry fee of HK$3,636.31.
The global offering comprises 85.1625 million shares, including 8.5165 million shares for Hong Kong, and is expected to raise about HK$613 million. The sponsors are Minsheng Securities Capital and SPDB International, and the company has not introduced cornerstone investors.