English | 简体中文 | 繁體中文 | 한국어 | 日本語
Tuesday, 29 May 2018, 10:13 HKT/SGT
Share:
    

Source: LH Group Limited
LH Group's Public Offer Shares Almost 1087 Times Oversubscribed The Most Ever Among F&B Stocks in Hong Kong
Offer Price Fixed at HK$ 1.10 per Share

HONG KONG, May 29, 2018 - (ACN Newswire) - LH Group Limited ("LH Group" or the "Group"), the second-largest full-service Japanese cuisine restaurant group in Hong Kong, today announced its share offer allotment results.

LH Group's Public Offer Shares received very strong market support with a total of around 44,000 applications for approximately 19.6 billion shares, or 979 times oversubscribed. If excluding the two million Employees Reserved Shares, and with the 18 million Shares for Public Offer taken into account, the public tranche was almost 1,087 times oversubscribed, the most ever among F&B stocks in the Hong Kong market. The over-subscription of the Public Offer has activated the clawback mechanism with the final number of Public Offer Shares now increased to 100 million shares, representing 50% of the total number of the Offer Shares available under the Share Offer The International Placing Shares were also slightly oversubscribed. The Offer Price has been fixed at HK$1.10 per share.

China Everbright Capital Limited is the Sole Sponsor of the Share Offer. China Everbright Securities (HK) Limited ("EBS Securities"), Sinolink Securities (Hong Kong) Company Limited ("Sinolink") and Celestial Capital Limited ("Celestial Capital") are the Joint Global Coordinators, EBS Securities, Sinolink, Celestial Capital and RHB Securities Hong Kong Limited ("RHB") are the Joint Bookrunners.

Trading of the shares of LH Group on the Main Board of The Stock Exchange of Hong Kong Limited is expected to commence on 30 May 2018 (Wednesday) under the stock code 1978. The shares will be traded in board lots of 2,000 shares each.

About LH Group
Ranked second and third in the Japanese and Asian cuisine markets in Hong Kong, LH Group is a top full-service multi-brand restaurant group in Hong Kong specialising in Chinese and Asian (in particular Japanese) cuisine. As at 5 May 2018, the Group operated 34 restaurants, including six Chinese restaurants and 28 Asian restaurants under a diverse and appealing portfolio of 10 brands, namely self-owned brands "Mou Mou Club", "The Banqueting House", "China Hall", "LH Grand", "Pot Master", "Peace Cuisine" and "Hotpot PNP", as well as popular franchised brands introduced from Japan and Korea, including "Gyu-Kaku", "On-Yasai" and "Yoogane", with a new brand "Gyu-Kaku Jinan-Bou" to be launched in 2018.These restaurants serve quality delicacies to diversified customer segments seeking a wide variety of culinary experiences. For more details, please visit the Group's official website: www.lhgroup.com.hk.

Media Enquiries: Strategic Financial Relations Limited
Heidi So +852 2864 4826 heidi.so@sprg.com.hk
Angelus Lau +852 2864 4805 angelus.lau@sprg.com.hk
Angela Wong +852 2114 4953 angela.wong@sprg.com.hk
www.sprg.com.hk


Topic: Press release summary
Source: LH Group Limited

Sectors: Daily Finance, Daily News
https://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2021 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

 

LH Group Limited Releated News
May 29, 2018 10:17 HKT/SGT
叙福楼集团公开发售股份录得超额认购近1,087倍 成为史上餐饮股超购王
May 29, 2018 10:15 HKT/SGT
敘福樓集團公開發售股份錄得超額認購近1,087倍 成為史上餐飲股超購王
More news >>
Copyright © 2021 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Cookies Policy | Privacy Policy | Disclaimer | Terms of Use | RSS
US: +1 214 890 4418 | Beijing: +86 400 879 3881 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575