Chanjet (01588) retail IPO substantially over-subscribed [ET Net News (China)]
(ET Net News (China) Via Acquire Media NewsEdge) [ET Net News Agency, 25 June 2014] Chanjet Information Technology (01588) said its
retail offering was over-subscribed by about 209.35 times and the international offering
was well over-subscribed.
The offer price has been fixed at HK$16.38 per H share, with estimated net proceeds of
about HK$818.4 million.
Dealings in shares of Chanjet are expected to start tomorrow morning, with a board lot
size of 200 shares each.
Chanjet Information Technology is a provider of enterprise software and services for
micro and small scale enterprises (MSEs) in China. Its core business is to develop and
provide software and services designed to satisfy the informatization needs of MSEs. (HL)
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