Consulting and Asset Management

Search documents
Hang Feng Technology Innovation Co., Ltd. Announces Pricing of Initial Public Offering
Globenewswireยท 2025-09-12 13:05
Core Viewpoint - Hang Feng Technology Innovation Co., Ltd. has announced the pricing of its initial public offering (IPO) of 1,375,000 ordinary shares at a price of US$4.0 per share, aiming to raise approximately US$5.5 million before expenses [1][2]. Group 1: Offering Details - The IPO is set to commence trading on the Nasdaq Capital Market under the ticker symbol "FOFO" on September 12, 2025 [1]. - The company has granted underwriters a 45-day option to purchase an additional 206,250 ordinary shares at the public offering price [1]. - The offering is expected to close around September 15, 2025, pending customary closing conditions [1]. Group 2: Use of Proceeds - Proceeds from the offering will be allocated to strengthening the corporate management consulting business, developing the asset management business, driving business expansion and strategic partnerships, and supporting general working capital and operations [2]. Group 3: Company Background - Hang Feng Technology Innovation Co., Ltd. is based in Hong Kong and provides comprehensive corporate management consulting and specialized asset management services [6]. - The company has been offering consulting services since 2023 through its subsidiary, Starchain Investment Trading Limited, focusing on strategic growth insights and performance management [6]. - In 2024, the company launched asset management services to meet client demand for sophisticated solutions in managing and growing capital portfolios [6].