,Hong Kong

Angelalign estimates $2.51b net proceeds in global offering

Its offer price ranges from $147-173 per share.

Angelalign Technology Inc. has estimated approximately $2.51b in net proceeds, assuming the midpoint offer price of $160 per share.

Its global offering comprised of 16.82 million shares, of which 1.68 million are for Hong Kong; whilst 15.14 million are under the international offering

Its offer price ranges from $147-173 per share.

Angelalign noted the biggest shares of the net proceeds will be earmarked for its Chuangmei Centre and its research and development capability.

Some $1b, or 39.9% of the net proceeds, will fund the construction of the centre which will house its manufacturing facilities and R&D centre. Its R&D initiatives, meanwhile, will receive some $460.1m, or 18.3% of the proceeds.

Around $271.5m will fund the development of a flexible and scalable intelligent IT system and $264.1m more for the expansion of its in-house sales team.

The remaining fund will be used for marketing and branding activities ($240.8m), medical services optimization ($155.5m), and other general corporate purposes ($118.9m).

Join Hong Kong Business community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

The combined total receipts of the sectors decreased by 6.7% YoY to $4,614.7b.
The office is expected to open as early as 2022.
Winners will be recognised via virtual presentations throughout the first and second week of December.
These five countries have Omricon cases.
The initiatives include accelerating net-zero electricity generation.
InnoClub will provide solutions in three focus areas.
The airline’s cargo yield is also expected to be 2% higher h-o-h in 2H21.
The country received a 9.23 score out of 10.
HK costs are the 9th most expensive in the Asia Pacific.
Employees with digital transformation-related jobs are most likely to benefit.
A government spokesman attributed the increase to entrenched economic recovery.
Carousell said 85% of its HK users have made secondhand purchases in the past.
Expansion plans were greatly expressed by companies from the industrial goods sector.
Winners were recognised via digital presentations held on the 24ᵗʰ and 25ᵗʰ of November.
The Gaw Capital Partners-led consortium will use the loan for the acquisition of office buildings.