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<IPO>EASTROC (09980.HK) Begins IPO Today with Entry Fee HKD25,000+; Tencent, Qatar Sovereign Fund, Temasek as Cornerstone Investors
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The Mainland Chinese energy drink brand EASTROC (09980.HK), listed on the A-shares market, kicks off its IPO today (26th) until the 29th. The H-share offering comprises approximately 40.89 million shares, with 10% for public offering. The maximum offer price is HKD248 per share, with the total fundraising amounting to approximately HKD10.14 billion. Entry fee for one board lot (100 shares) is HKD25,050.11. The company is expected to list on February 3. The joint sponsors are Huatai International, Morgan Stanley, and UBS. The net proceeds from this IPO are estimated to be approximately HKD9.9943 billion. EASTROC secured support from several international and strategic investors as cornerstone investors, including Al-Rayyan under the Qatar Investment Authority (QIA), Taibai under Temasek, TENCENT (00700.HK), BlackRock, entity under Richard Li, Chairman of Pacific Century Group, J.P. Morgan Asset Management, and UBS, collectively subscribing for approximately HKD4.99 billion worth of shares. AASTOCKS Financial News Website: www.aastocks.com |
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