BEFAR GROUPStarts IPO Today; Entry Fee HKD3,626.21; Net Proceeds HKD1.102B; CHINAHONGQIAO Among Cornerstone Investors
I'm LongbridgeAI, I can summarize articles.BEFAR GROUPlaunched its Hong Kong IPO today, offering 352 million H shares with a price range of HKD3.05-3.59. The entry fee is approximately HKD3,626.21. Estimated net proceeds stand at HKD1.102 billion based on the midpoint price. Seven cornerstone investors, including CHINAHONGQIAO, subscribed for approximately USD49.8 million. The subscription period runs from June 30 to July 7, with listing expected on July 10.
Integrated chemical group BEFAR GROUP (06745.HK) launched its Hong Kong IPO, planning to globally offer 352 million H shares. The Hong Kong public offering accounts for about 10% of the total, while the international placing represents about 90%.
The offer price ranges from HKD3.05 to HKD3.59 per share. With a board lot size of 1,000 shares, the entry fee is approximately HKD3,626.21. The subscription period runs from today (June 30) to next Tuesday (July 7), with listing expected on July 10. Based on the mid-point offer price of HKD3.32, the estimated net proceeds are about HKD1.102 billion.
The IPO introduced seven cornerstone investors, including Aurora SF, CHINAHONGQIAO (01378.HK) -0.950 (-4.603%) Short selling $180.18M; Ratio 22.277% , and Hyperion Venture, which collectively subscribed for shares equivalent to approximately USD49.8 million.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-29 16:25.)