Century Sage Scientific Holdings Limited (SEHK stock code: 1450) announced its successful listing on the Main Board of The Stock Exchange of Hong Kong Limited on July 7th 2014, which turned a new page for the development of the company.
The Global Offering is initially of a total of 250,000,000 shares (the “Offer Shares”) at the Offer Price of HK$1.08 per Offer Share, the net proceeds of the Global Offering are estimated to be approximately HK$252.3 million. Approximately 32.6% of the total estimated net proceeds will be used for enhancement of our event broadcast services capabilities, 18.9% for enhancement of our application solutions capabilities, 17.0% for acquisition of or investment in property, including in the areas of IP video, cloud infrastructure and streaming technologies. 10.0% for our working capital and general corporate purposes. 7.6% for enhancement of our equipment development and sales capabilities. 6.8% to finance project and bid related bonds to support increased business volume.
CSS Group was established in 2007, and has become one of the most influential All-Media application solutions providers in mainland China within less than seven years. CSS Group has participated in numerous professional projects which specialized in providing high-end hardware and software application solutions, to facilitate content production, broadcast and transmission, event broadcast services, and system maintenance services,as well as broadcasting equipment development and sales.
Commenting on the successful listing, Mr. Lo Chi Sum, Founder, Chairman, Chief Executive Officer and Executive Director of the Group, said, “We are delighted to witness the debut trading of Century Sage’s shares on the Stock Exchange of Hong Kong. We would like to take this opportunity to thank all our investors for their great support. Today’s successful listing marks the start of a new journey for Century Sage. We will continue our efforts to achieve the best results for our investors, to bring them satisfactory returns, and to strive for a brilliant future for Century Sage.”
Thanks for the support of all the professional intermediaries in the IPO process:
?CCB International
?First Shanghai Securities
?Commerce & Finance Law Offices
?Chiu & Partners
?Jingtian & Gongcheng
?Orrick, Herrington & Sutcliffe
?PricewaterhouseCoopers
?Conyers Dill & Pearman
?CCID
?Cushman & Wakefield Valuation Advisory Services (HK) Limited
?Tricor Investor Services Limited
?Ticor Services Limited
?Industrial and Commercial Bank of China (Asia) Limited
?Standard Chartered Bank (Hong Kong) Limited
?REF Financial Press Limited
?iPR Ogilvy & Mather
Century Sage Scientific Holdings Limited (SEHK stock code: 1450) announced its successful listing on the Main Board of The Stock Exchange of Hong Kong Limited on July 7th 2014, which turned a new page for the development of the company.
The Global Offering is initially of a total of 250,000,000 shares (the “Offer Shares”) at the Offer Price of HK$1.08 per Offer Share, the net proceeds of the Global Offering are estimated to be approximately HK$252.3 million. Approximately 32.6% of the total estimated net proceeds will be used for enhancement of our event broadcast services capabilities, 18.9% for enhancement of our application solutions capabilities, 17.0% for acquisition of or investment in property, including in the areas of IP video, cloud infrastructure and streaming technologies. 10.0% for our working capital and general corporate purposes. 7.6% for enhancement of our equipment development and sales capabilities. 6.8% to finance project and bid related bonds to support increased business volume.
CSS Group was established in 2007, and has become one of the most influential All-Media application solutions providers in mainland China within less than seven years. CSS Group has participated in numerous professional projects which specialized in providing high-end hardware and software application solutions, to facilitate content production, broadcast and transmission, event broadcast services, and system maintenance services,as well as broadcasting equipment development and sales.
Commenting on the successful listing, Mr. Lo Chi Sum, Founder, Chairman, Chief Executive Officer and Executive Director of the Group, said, “We are delighted to witness the debut trading of Century Sage’s shares on the Stock Exchange of Hong Kong. We would like to take this opportunity to thank all our investors for their great support. Today’s successful listing marks the start of a new journey for Century Sage. We will continue our efforts to achieve the best results for our investors, to bring them satisfactory returns, and to strive for a brilliant future for Century Sage.”
Thanks for the support of all the professional intermediaries in the IPO process:
?CCB International
?First Shanghai Securities
?Commerce & Finance Law Offices
?Chiu & Partners
?Jingtian & Gongcheng
?Orrick, Herrington & Sutcliffe
?PricewaterhouseCoopers
?Conyers Dill & Pearman
?CCID
?Cushman & Wakefield Valuation Advisory Services (HK) Limited
?Tricor Investor Services Limited
?Ticor Services Limited
?Industrial and Commercial Bank of China (Asia) Limited
?Standard Chartered Bank (Hong Kong) Limited
?REF Financial Press Limited
?iPR Ogilvy & Mather