Slender West Lake tourism firm shelves global offering, plans HK main board listing
Jiangsu Slender West Lake Culture and Tourism has shelved its global offering and proposed a main board listing on the Hong Kong Stock Exchange, citing current market conditions. The company said underwriting agreements for the international and Hong Kong public offerings will not proceed, though it
Jiangsu Slender West Lake Culture and Tourism has shelved its global offering and proposed listing on the main board of the Hong Kong Stock Exchange, the company said, citing factors including current market conditions.
The firm said the international underwriting agreement for the international offering will not be entered into, and therefore the Hong Kong underwriting agreement for the Hong Kong public offering will not become unconditional.
It thanked interested investors for their attention and support, as well as the positive feedback received during the global offering, and said it remains committed to completing the global offering and listing in due course.
The company had originally been scheduled to close its offering today, aiming to raise up to HK$227 million, with an offer price of HK$3.92 to HK$5.07 per share. The entry fee per 1,000 shares was set at HK$5,121.14.