STOCKS | BinHua Shares (6745) Starts IPO Bookbuilding; Seeks Up to HK$1.264 Billion

BinHua Shares (6745) began its Hong Kong IPO subscription on June 30 and will close on July 7, with listing scheduled for July 10, according to Ming Pao. The offer price range is HK$3.05 to HK$3.59 per share. The company is offering 352 million shares globally, including 35.213 million shares in Hong Kong. The board lot is 1,000 shares, with an entry fee of HK$3,626.21. Expected fundraising is about HK$1.264 billion. Huatai International and CCB International are joint sponsors.