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Youyuan announces proposed listing

Published by
Steven Anderson - 14 May 2010

 

 

Youyuan International Holdings Limited, a wrapping tissue paper manufacturer in the PRC, recently announced details of its global offering of shares and proposed listing on the Main Board of the Stock Exchange of Hong Kong Limited.

Youyuan plans to offer a total of 250,000,000 new Shares, initially comprising an International Offering of 225,000,000 shares and a Hong Kong Public Offering of 25,000,000 shares, representing 90% and 10% of the total number of Offer Shares, respectively, subject to changes in certain circumstances as described in the offering documents relating to the Global Offering. The Offer Shares represent approximately 25% of the enlarged share capital of the Company immediately upon completion of the Global Offering. The offer price range is currently expected to be between HK$2.58 and HK$3.38 per Share. The International Underwriters will be granted an over-allotment option exercisable by the Stabilising Manager, to require the Company to allot and issue up to an aggregate of 37,500,000 additional Shares (in aggregate representing 15% of the shares initially being offered under the Global Offering) to cover over-allocations in the International Offering.

Youyuan is expected to raise from the Global Offering a gross of approximately HK$745 million (assuming an Offer Price of HK$2.98 per Share, being the midpoint of the indicative Offer Price range), assuming the Over-allotment Option is not exercised.

 

 

 

 

 

 

 

 

 

 

 

 

Youyuan is expected to raise from the Global Offering a gross of approximately HK$745 million (assuming an Offer Price of HK$2.98 per Share, being the midpoint of the indicative Offer Price range), assuming the Over-allotment Option is not exercised.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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