Core Viewpoint - Impression Dahongpao, a state-owned cultural tourism service enterprise, is set to launch its IPO with significant oversubscription, indicating strong market interest and potential growth in the cultural tourism sector in China [1] Group 1: IPO Details - The IPO will take place from December 12 to 17, with a public offering amounting to HKD 14.8 million and an oversubscription rate of 2,553 times as of December 17 [1] - Impression Dahongpao plans to issue 36.1 million H-shares at a price range of HKD 3.47 to HKD 4.1, aiming to raise up to HKD 1.5 billion [1] - The company is expected to be listed on December 22, with joint sponsors being Xingzheng International and Kaisheng [1] Group 2: Business Overview - Impression Dahongpao is headquartered in Wuyishan, Fujian Province, and ranks eighth in China's cultural tourism performance market based on sales revenue from performances [1] - The company has been listed on the New Third Board since January 20, 2017, under the stock code 870608 [1] - The business segments include performance and show services, Impression Cultural Tourism Town operations, and tea hotel services [1] Group 3: Use of Proceeds - Approximately 23% of the net proceeds will be used to upgrade the flagship performance "Impression Dahongpao" [2] - About 28.6% will be allocated to further develop the Impression Jianzhou food-themed street and enhance the Impression Cultural Tourism Town by 2026 [2] - 20% will be invested in acquiring another quality cultural tourism performance project through management expertise and innovative operational models [2] - 11% will be dedicated to enhancing brand image and expanding business influence through promotional activities [2] - 7.4% will be used to upgrade the ticket management system and software [2] - 10% will serve as working capital and for other general corporate purposes [2]
新股消息 | 印象大红袍(02695)获券商借出约378亿港元孖展 超购2553倍