Furniture retailer Design Capital aims at HK$128m in public offer

Business | 11 Apr 2019 1:35 pm

Singapore-based Design Capital said today it will sell 500 million shares in Hong Kong for not more than 39 HK cents per share and not less than 30 HK cents per share.

Trading in the shares on the Hong Kong Stock Exchange is set for Thursday, April 25.

The company says it is a furniture seller on third party e-commerce platforms in the U.S., a mid to high-end furniture retailer in Singapore and an integrated home design solutions provider mainly in Singapore.

At an offer price of HK cents 0.345 per share, being the mid-point of the indicative offer price range of HK cents 30 to HK cents 39 per share, the net proceeds are estimated at HK$128.3 million, the company said.

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