Chinese insurance company Shouhui Group starts bookbuilding for IPO

Chinese online health insurance company Shouhui Group kicked off bookbuilding for its initial public offering in Hong Kong on Thursday.

The company plans to issue 24.358 million shares, with an offer price ranging from HK$6.48 to HK$8.08 per share.

It aims to raise up to about HK$200 million, with a minimum investment of HK$3,264.59 per board lot of 400 shares.

The subscription period runs through Tuesday of next week.

Shouhui Group is scheduled to debut on Friday next week, with China International Capital Corporation (3908) and Huatai International as joint sponsors.

STAFF REPORTER