YSB Inc. Global Offering
HONG KONG, June 15, 2023 - (ACN Newswire) - YSB Inc. (the "Company"; Stock code: 9885) announced the details of its global offering (the "Global Offering") and its proposed listing on the Main Board of The Stock Exchange of Hong Kong Limited (the "Stock Exchange").
- HONG KONG, June 15, 2023 - (ACN Newswire) - YSB Inc. (the "Company"; Stock code: 9885) announced the details of its global offering (the "Global Offering") and its proposed listing on the Main Board of The Stock Exchange of Hong Kong Limited (the "Stock Exchange").
- Highlights of the Global Offering:
-- Number of Offer Shares under the Global Offering: 15,808,800 Shares (subject to the Over-allotment Option). - Assuming that the Over-allotment Option is not exercised, after deducting the underwriting commissions and other estimated offering expenses payable by us in connection with the Global Offering, and assuming an Offer Price of HK$21.00 per Share (being the mid-point of the Offer Price), the Company estimates that it will receive gross proceeds of approximately HK$332.0 million from the Global Offering, and net proceeds of approximately HK$253.6 million from the Global Offering.
- The Cornerstone Placing will form part of the International Offering, and Cornerstone Investor will not acquire any Offer Shares under the Global Offering (other than pursuant to the Cornerstone Investment Agreement).