Maike Tube Industry Holdings Limited Announces Details of Proposed Listing on the Main Board of The Stock Exchange of Hong Kong Limited
HONG KONG, Nov 28, 2019 - (ACN Newswire) - Maike Tube Industry Holdings Limited ("Maike Tube" or "Group"), a manufacturer and distributor of standard prefabricated pipe nipple and steel pipe products, announced today the details of its proposed listing on the Main Board of The Stock Exchange of Hong Kong Limited ("SEHK"). According to Frost & Sullivan Report, the Group ranked first in the PRC standard prefabricated pipe nipple industry in terms of export value by tons in 2018. Offering Details Maike Tube intends to offer a total of 98,400,000 shares, 88,560,000 of which for International Placing (subject to reallocation) and 9,840,000 for Hong Kong Public Offer (subject to reallocation). The indicative Offer Price range is between HK$1.86 and HK$2.40 per Offer Share. After deduction of underwriting fees and estimated expenses payable in connection with the Global Offering, and assuming the Offer Price of HK$2.13 per Offer Share (being th...