• Follow Us On : 

Best Mart 360 Holdings Limited Announces Its Subscription Results Recorded Approximately 9.92 Times Of Over-Subscription For Its Public Offer

Redaksi | Jumat,11 Januari 2019 - 04:12:46 WIB
Dibaca: 457 kali 
Best Mart 360 Holdings Limited Announces Its Subscription Results Recorded Approximately 9.92 Times Of Over-Subscription For Its Public Offer

HONG KONG, CHINA - Media OutReach - 10 January 2019 - Best Mart 360 Holdings Limited ("Best Mart 360" or the "Company", together with its subsidiaries, the "Group"; stock code: 2360.HK), the second largest leisure food retailer in Hong Kong for the year ended 31 March 2018, is pleased to announce the subscription results for its shares (the "Shares") under the public offer (the "Public Offer") and placing (the "Placing", collectively, the "Share Offer").

The Shares under the Public Offer have been significantly over-subscribed by approximately 9.92 times. The offer price per Share has been set at HK$1.0 per Share. Dealings in the Shares on the Main Board of The Stock Exchange of Hong Kong Limited ("SEHK") is expected to commence on 11 January 2019 (Friday).

A total of 250,000,000 shares will be offered under the Share Offer, of which 225,000,000 Shares, or 90%, will be offered by way of Placing; while the remaining 10%, or 25,000,000 Shares , will be offered under the Public Offer. Based on the final offer price of HK$1.0 per Share, the net proceeds from the Share Offer to be received by the Company (after deducting underwriting commissions and estimated expenses in connection with the Share Offer) is estimated to be approximately HK$208.9 million.

Best Mart 360 intends to use these net proceeds for the following purposes: 1) approximately 66.5% for the opening of new retail stores; 2) approximately 13.5% for intensifying and broadening marketing efforts; 3) approximately 10.1% for upgrading information technology systems; and 4) approximately 9.9% for general working capital purposes.

Lego Corporate Finance Limited is the Sole Sponsor, while Lego Securities Limited is the Sole Bookrunner.

Mr. Lin Tsz Fung, Chairman and executive Director of the Group, said, "We believe that the result of the Share Offer hasaffirmed market's recognition of the Group's business and confidence in our future prospects. We are honoured that investors have shown great support to the Group. Listing on the Main Board of SEHK enables the Group to further strengthen our retail network, enhance our brand recognition and capture greater market share in the local leisure food industry."

About Best Mart 360 Holdings Limited
Best Mart 360 Holdings Limited, the second largest leisure food retailer in Hong Kong for the year ended 31 March 2018, mainly operates chain retail stores under the brand "Best Mart 360˚". It offers wide collection of imported prepackaged leisure foods and other grocery products, principally from overseas. The Group's business objective is to offer "Best Quality" and "Best Prices" products to customers through continuous efforts on global procurement with a mission to provide comfortable shopping environment and pleasurable shopping experience to customers.

As at 19 December 2018, the Group operates 85 retail stores that are strategically located at 18 districts in Hong Kong. The Group sourced their products of around 495 brands and 1,960 SKUs from different overseas suppliers mainly from Europe, US, Japan, Korea and South East Asia and importers in Hong Kong.

Akses Wahanariau.com Via Mobile m.Wahanariau.com
Untuk Berbagi Berita / Informasi / Peristiwa
Silahkan SMS ke nomor HP : 085271472010
atau email ke alamat : [email protected]
Harap camtumkan detail data diri Anda
Pengutipan Berita dan Foto, Cantumkan Wahanariau.com Sebagai Sumber Tanpa Penyingkatan
Rabu,06 Maret 2019 - 01:26:26 WIB

Best Mart 360° Launches New Member Mobile APP Register to Earn 500 Reward Points

CHINA - 6 March 2019 - Best Mart 360 Holdings Limited ("Best Mart 360"

Jumat,07 September 2018 - 04:53:28 WIB

Aon and Sasin Announce 12 Best Employers in Thailand for 2018

Best Employers in Thailand lead the way with a 24-point higher employee engagement score t

Minggu,17 Maret 2019 - 21:46:17 WIB

Cushman & Wakefield Wins 'Best Deal of the Year' Award Again at RICS Hong Kong Awards 2019

Two-time Best Deal Winner Also Picks Up Three Certificates of Excellence CHINA - 17 

Rabu,03 Oktober 2018 - 13:05:40 WIB

Aon announces 4 Best Employers in Philippines for 2018

Best Employers in Philippines lead the way with a 16-point higher employee engagement score than mar

Kamis,27 Desember 2018 - 04:37:49 WIB

Best Mart 360 Holdings Limited to Raise a Maximum of Approximately HK$300 Million by Way of Public Offer and Placing

Highlights The second largest leisure food retailer in Hong Kong* which operates chain retail sto

Senin,24 September 2018 - 17:10:04 WIB

HR Asia Announces Philippines’ Best Companies to Work for in Asia

PHILIPPINES - Media OutReach - 24 September 2018 - Fifteen Philippines companies have been

Kamis,13 Juni 2019 - 14:15:39 WIB

Sidak Pasca Lebaran, Wabup Kuansing: Tak Masuk Kerja Bakal Disanksi

TELUK KUANTAN - Pasca libur lebaran, Wakil Bupati Kuantan Singingi (Kuansing) H. Halim melakukan inp

Kamis,13 Juni 2019 - 04:17:29 WIB

KPK Minta Bantuan Interpol Pulangkan Sjamsul Nursalim Tersangka BLBI dari Singapura

JAKARTA - Komisi Pemberantasan Korupsi (KPK) meminta bantuan interpol untuk memulangkan Sjamsul Nurs

Kamis,13 Juni 2019 - 03:40:54 WIB

A first for Taiwan, BIO Asia-Taiwan 2019 to be Held in Taipei, 24 July, with BIO’s President Jim Greenwood to Attend

As a sign of its international importance, the BIO Asia-Taiwan 2019 exhibition will feature 18 natio