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<IPO>Lung Fung Group (02290.HK) to Start IPO Tmr; Entry Fee HKD3,222.17
Local pharmacy chain Lung Fung Group (02290.HK) announced details of its IPO. The stock will start its public offering tomorrow (May 28) and close at 12:00 noon next Tuesday (June ...
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<IPO>Lung Fung Group (02290.HK) to Start IPO Tmr; Entry Fee HKD3,222.17
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Local pharmacy chain Lung Fung Group (02290.HK) announced details of its IPO. The stock will start its public offering tomorrow (May 28) and close at 12:00 noon next Tuesday (June 2). The company plans to offer a total of 125 million shares globally, with 10% allocated to the Hong Kong public offering and 90% to the international offering.

The offer price ranges from HKD5.18 to HKD6.38 per share. With a board lot size of 500 shares, the entry fee per board lot is HKD3,222.17. The shares are expected to be listed on the Main Board of the Stock Exchange of Hong Kong next Friday (June 5).

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Based on the mid-point offer price of HKD5.78, the net proceeds from the listing are estimated to be approximately HKD607 million.
(HK stocks quote is delayed for at least 15 mins.)

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