Core Viewpoint - Xingqian Development (00640.HK) is in the late stages of preparing for its listing in Singapore, with a share placement being a crucial part of this process, expected to be completed by the end of 2025 [1][2] Group 1: Singapore Listing Preparation - The company has entered the final stages of its Singapore listing process and is preparing for a share placement, which is essential for the listing [1] - The share placement will involve issuing new shares that will be traded on the Singapore Exchange's Catalist board, pending the registration of the final offering document [1] Group 2: Share Placement Details - The company has appointed a placement agent to facilitate the placement of up to 35.1 million shares, which must comply with public holding requirements under Catalist rules [1] - The minimum placement price is set at no less than 2.335 HKD per share, representing an approximate discount of 11.22% compared to the closing price of 2.63 HKD on the Hong Kong Stock Exchange on the placement authorization date [2] - If all shares are placed at the minimum price, the total proceeds from the placement are expected to be around 81.96 million HKD, with a net amount of approximately 79.09 million HKD after deducting commissions and other expenses [2]
星谦发展(00640.HK)拟折价11.22%配售最多3510万股 总筹8196万港元