Brief: Wasion Holdings Updates On Listing Of Willfar Information Technology On Sci-Tech Board

Wasion Holdings

06/01/2020 08:20

Jan 6 (Reuters) - Wasion Holdings Ltd  3393.HK :
    * CSRC AGREED REGISTRATION OF WILLFAR INFORMATION TECHNOLOGY
FOR
INITIAL PUBLIC OFFERING OF SHARES ON SCI-TECH BOARD
    * WILLFAR INFORMATION TECHNOLOGY AND CICC DETERMINED OFFER
PRICE
OF WILLFAR SHARES IN OFFERING TO BE RMB13.78 PER WILLFAR SHARE
    * WILLFAR LISTING WILL TAKE PLACE ON 21 JANUARY 2020
    * TOTAL PROCEEDS TO BE RAISED, AFTER DEDUCTING EXPENSES AND
COMMISSION, EXPECTED TO BE ABOUT RMB610.83 MILLION
    * CO'S INTEREST IN WILLFAR INFORMATION TECHNOLOGY WILL BE
REDUCED
FROM 65% TO ABOUT 58.5% UPON COMPLETION OF OFFERING & LISTING

Source text for Eikon:  ID:nHKSVGCFC 
Further company coverage:  3393.HK 

 ((Reuters.Briefs@thomsonreuters.com;))