,Hong Kong

Sino-Entertainment Technology enlists on HKEx's main board

The company plans to offer ordinary shares of $1.63 to $1.87 apiece.

Integrated game publisher and developer Sino-Entertainment Technology Holdings has recently announced the details of the proposed listing of its shares on the main board of Hong Kong Limited’s (HKEx) Stock Exchange.

The company plans to offer a total of 100,000,000 shares, comprising 10,000,000 Hong Kong public offer shares, and 90,000,000 international offer shares at an offer price between $1.63 to $1.87 apiece. These are expected to raise net proceeds of approximately $99.8m.

WAG Worldsec Corporate Finance Limited is named as the sole sponsor, whilst Huajin Securities, Zhongtai International Securities and China Tonghai Securities will act as joint global coordinators and joint lead managers.

Meanwhile, Huajin Securities (International), Zhongtai International Securities, China Tonghai Securities Limited, BOCOM International Securities, Guosen Securities (HK) Capital Company, Soochow Securities International Brokerage, and Orient Securities (Hong Kong) will act as joint bookrunners.

Sino-Entertainment Technology Holdings chairman of the board and executive director, Sui Jiaheng, said that the listing on HKEx’s main board will tap into the international capital markets, which will not only broaden the company’s capital and shareholder base but also provide capital to fund its expansion plan.
 

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