According to the Zhitong Finance App, DCB Holdings (08040) offers shares from January 31 to February 5. The company plans to issue 80 million shares, of which the public sale accounts for 10% and placement accounts for 90%. The issue price per share is HK$0.625 - HK$0.875. Each lot is 5,000 shares, and it is expected that stock trading on the GEM will begin on February 14.

According to reports, the company is engaged in providing decoration and renovation services to private sector customers in Hong Kong. During the track record period, clients included: property developers, some (or their holding companies) listed on the Stock Exchange; general contractors or direct contractors of renovation and renovation projects; and property owners or tenants. Renovation and renovation services mainly include interior decoration and renovation services for different types of premises in the private sector in Hong Kong.

For the two financial years ended March 31, 2017 and the four months ended July 31, 2017, revenue was approximately HK$178 million, HK$226 million and HK$72.391 million respectively; profit before tax was approximately HK$148.34 million, HK$165.83 million, and loss of HK$3.744 million, respectively.

According to the announcement, at the sale price of HK$0.75 per share, the net proceeds from the sale of shares are estimated at about HK$37.1 million. About 54.7% will be used to expand the Group's renovation and renovation industry business; about 18.3% will be used to further expand the internal team and enhance the ability to cope with future business opportunities; about 17.3% will be used to repay bank loans and reduce the Group's capital-to-debt ratio; and about 9.7% will be used for the Group's daily working capital.