China's Chinese Dining market direct-operated chain restaurant Xiaocai Garden (00999.HK) has announced its IPO details, planning a Global offering of 0.101 billion shares, with 10% of the shares being offered in Hong Kong and 90% internationally. The offer price per share is 8.5 yuan. The entry fee for one board lot of 800 shares is 6,868.57 yuan. The stock will begin its offering today (12th) and will close next Tuesday (17th) at noon, with listing next Friday (20th). Joint sponsors are Huatai International and UBS Group.

The company is expected to raise a net capital of about 0.784 billion yuan from the listing, of which about 40% will be used to continue expanding the store network; about 37% will be used to enhance supply chain capabilities; about 13% will be used to upgrade Asia Vets equipment and digital systems to improve information technology capabilities; and about 10% will be used for working capital and general corporate purposes.