Little Garden (00999) will be offering shares from December 12 to December 17, 2024, with a planned Global offering of approximately 0.1012 billion shares, of which 10% will be for public sale in Hong Kong and 90% for international sale, along with an additional 15% over-allotment option. The offer price per share will be HKD 8.50, with a minimum lot size of 800 shares, and the shares are expected to begin trading on the Hong Kong Stock Exchange at 9:00 AM on December 20, 2024 (Friday).
Assuming the over-allotment option is not exercised, the net proceeds from the Global offering, calculated at the offer price of HKD 8.50 per share, are approximately HKD 0.784 billion. Around 40.0% is expected to be used for continuously expanding the store network to enhance geographic coverage and increase market penetration; about 37.0% is expected to be allocated for enhancing supply chain capabilities; approximately 13.0% is expected to be used for upgrading Asia Vets equipment and digital systems to improve information technology capabilities; and about 10.0% is expected to be used for working capital and general corporate purposes.