Core Viewpoint - The company, Xingqian Development, is in the advanced stages of preparing for its listing in Singapore, with a planned share placement as a crucial part of this process [1] Group 1: Singapore Listing - The company has entered the later stages of its proposed listing in Singapore, with preparations for a share placement underway [1] - The share placement is a significant component of the Singapore listing, and the shares will be traded on the SGX Catalist board upon completion of the placement [1] - The expected timeline for the Singapore listing is by the end of 2025, contingent upon the fulfillment of conditions outlined in the offering documents [1] Group 2: Share Placement Details - The company plans to enter into a placement authorization agreement with placement agents on November 17, 2025, to facilitate the share placement [1] - A maximum of 35.1 million shares will be offered in the placement, with a minimum price of HKD 2.335 per share [1] - If all shares are placed at the minimum price, the net proceeds from the placement are estimated to be approximately HKD 79.09 million [1]
星谦发展(00640)建议新加坡上市已进入后期阶段 拟配售最多3510万股配售股份