[ET Net News Agency, 09 December 2022] HUAFANG GROUP (03611) will be listed next Monday
(12th). It is closed at HK$3.26 on Phillip's grey market, 16.43% higher than the IPO price
of HK$2.8. Based on 1,000 shares per lot, excluding handling fees, the book value gain per
lot is HK$460. It is currently at HK$3.2 on Bright Smart's grey market, 14.29% higher than
the IPO price. The book value gain per lot is HK$400.
The public offering of the stock was oversubscribed by 32.44 times. The winning rate of
one lot was 20%. One lot was distributed for subscription of 20 lots. The price is based
on the lower limit of the offer price ranging from HK$2.8 to HK$3.6. (ed)