INFINITY DEV applies for Kelly Board listing, raising 13.7 million yuan, trading starts on December 3 | Lianhe Zaobao
Hong Kong adhesive manufacturer INFINITY DEV Holdings has applied to list on the Catalist board of the Singapore Exchange, planning to raise a net income of HKD 11.1 million through an initial public offering to support its expansion plans. The company will issue 35.1 million shares, with total proceeds expected to reach HKD 13.7 million and a market capitalization of HKD 123.5 million. The placement activity will start on November 21 and end on December 1, with trading expected to begin on December 3. INFINITY DEV Holdings is currently listed on the main board in Hong Kong and primarily engages in the production and sale of adhesive-related products
Hong Kong adhesive manufacturer Infinity Development plans to raise a net income of HKD 11.1 million through an initial public offering to support its expansion plans. The company will issue 35.1 million shares at a price of HKD 0.39 per share.
Infinity Development submitted its registration application to list on the Catalist board of the Singapore Exchange on Friday (November 21). The placement activity will start on November 21 and end on December 1, with trading expected to begin on December 3.
Including the estimated costs related to the placement, the total proceeds from Infinity Development's placement will reach HKD 13.7 million. Its market capitalization is expected to be HKD 123.5 million.
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Infinity Development submitted its preliminary prospectus in September this year. It is currently listed on the main board in Hong Kong and primarily engages in the production and sale of adhesives, primers, curing agents, and other adhesive-related products. The company operates in 10 regions and has a workforce of 400 employees.
According to its unaudited half-year results for the period ending March 31, 2025, the company's net profit for the half-year increased by 38% year-on-year, reaching HKD 56.6 million (SGD 9.4 million)
