Legend Holdings confirmed the listing on June 29
Sina Technology News June 15 afternoon news, Legend Holdings held a press conference this afternoon in Hong Kong, announced that the company will be officially listed on June 29 trading, stock code 3396.HK.
Lenovo Holdings began its road show in Hong Kong today, and Legend Holdings executives including Liu Chuanzhi have appeared in Hong Kong, questions and answers from institutional investors and analysts.
Legend Holdings plans to determine the IPO pricing on June 19 and will be listed on June 29 trading.
According to the transaction terms previously obtained by Bloomberg, Legend Holdings plans to issue 352.9 million shares at a price of 39.80 to 43 Hong Kong dollars per share, which is expected to raise up to 15.1 billion Hong Kong dollars.
Legend Holdings also plans to sell up to 950 million U.S. stocks to 24 cornerstone investors, including billionaire Zheng Yuxi and China Building Materials Group Co., Ltd.
CITIC Corporation and China Reinsurance Group will subscribe for 50 million U.S. dollars in Lenovo shares. Former chairman Sun Hung Kai, TCL and Fuxing International will also subscribe for 30 million U.S. dollars each.
According to Lenovo's roadshow PPT, after the completion of the issuance, there will be major changes in the company's shareholdings. Among them, Guoke Holding's shareholding is 29.1%, Panhai Holding holds 17%, Lenovo's startup employees hold 20.4%, and the core The management team holds 8.17% of shares, backbone employees and other personnel hold 8.83% of shares, and social security funds will also hold 1.5% of shares, and the remaining 15% will be sold to other H-share shareholders.
According to the Legend Holdings prospectus, the funds raised will be used to increase the capital for investment, continue to invest in industries with high growth potential, such as consumer and service-related industries, and supplement the capital for financial investment.
According to the prospectus, Lenovo Group's revenue in 2014 was 289.5 billion yuan, the compound annual growth rate from 2012 to 13.1% this year; the net profit was 4.16 billion yuan, and the compound growth rate from 2012 to this year was 34.8%.
Legend Holdings currently owns two major types of strategic investments and financial investments. Through strategic investment business, Lenovo Holdings is betting on six major sectors, namely IT, financial services, modern services, agriculture and food, real estate, chemicals and energy materials. Lenovo's financial investment business includes angel investment, venture capital, and private equity investment. In addition, the company also has direct investment in unlisted companies and listed companies, and also carries out investment activities in the parent fund.