GFHK Supports Lianlian DigiTech to Float Shares in Hong Kong

2024-03-28 10:05 GF Holdings (Hong Kong)

On March 28, 2024, Lianlian DigiTech Co., Ltd. (HKEX: 2598.HK) successfully debuted on the main board of the Hong Kong Stock Exchange, with GF Hong Kong playing a pivotal role as the joint bookrunner and lead manager for the offering. The global offering, priced at HK$10.22 per share, raised approximately HK$657 million (pre-greenshoe). The newly floated shares account for 5.96% of the expanded equity capital (pre-greenshoe).

GF Hong Kong leveraged its expertise to facilitate the company's listing by actively engaging in market activities and establishing robust communication channels with investors. With a focus on providing comprehensive investment banking services, GF Hong Kong remains dedicated to supporting exceptional Chinese enterprises in exploring international capital markets.

This offering has attracted significant investor attention, with oversubscription rates of 16.94 times in the Hong Kong public offering and 1.89 times in international placement. Proceeds from the offering will be allocated towards enhancing technical capabilities (60%), expanding global operations (30%), future strategic investments (5%), and general corporate purposes and working capital needs (5%).

Looking ahead, GF Hong Kong continues its commitment to delivering exceptional services and guiding more Chinese enterprises towards success in overseas markets.


Note: The term "GF Hong Kong" mentioned in this article refers to GF Holdings (Hong Kong) Co., Ltd. and/or its related subsidiaries established in Hong Kong.

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