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BOSS ZHIPIN-W: Shr Issuance Aimed at Enhancing Liquidity; Final Pricing Will Offer Reasonable Discount
BOSS ZHIPIN-W (02076.HK) (BZ.US) announced plans to issue 30 million Class A shares. Zhao Peng, the company's founder, chairman, and CEO, explained that the company chose to li...
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BOSS ZHIPIN-W: Shr Issuance Aimed at Enhancing Liquidity; Final Pricing Will Offer Reasonable Discount
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BOSS ZHIPIN-W (02076.HK)  +0.400 (+0.577%)   (BZ.US)      announced plans to issue 30 million Class A shares. Zhao Peng, the company's founder, chairman, and CEO, explained that the company chose to list in Hong Kong at the end of 2022 by way of introduction as it feared that the shares wouldn't sell given the poor market conditions at that time.

The company has been waiting for the right opportunity over the past few years to enhance share liquidity, Zhao said. It wasn't until 1H25 when market conditions improved that the company decided to issue more shares.

Related NewsDaiwa: BOSS ZHIPIN-W (02076.HK) New Shr Issuance May Improve Liquidity, Pave Path for Inclusion in 'Stock Connect'
The maximum offering price for this share issuance is set at HKD78 per share, marking a premium of more than 14% over yesterday's (24th) closing price of the company. Executive Director and CFO Zhang Yu noted that the maximum offering price is merely a formal upper limit. The final pricing will be determined based on investor feedback during the offering period, subscription levels, and the closing price of the company's shares in the coming days, so that investors will be provided with a more reasonable discount.
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