Samfine Creation Holdings Group Limited Announces Pricing of Initial Public Offering and Listing on Nasdaq
15 Ottobre 2024 - 6:00PM
Samfine Creation Holdings Group Limited (Nasdaq: SFHG) (the
“Company”), a one-stop printing service provider, announced the
pricing of its initial public offering (the “Offering”) of
2,000,000 ordinary shares (the “Ordinary Shares”) on October 14,
2024, at a price of $4.00 per Ordinary Share (the “Offering
Price”). The Ordinary Shares are expected to begin trading on the
Nasdaq Capital Market on October 15, 2024 under the symbol “SFHG.”
The Offering is expected to close on October 16,
2024, subject to the satisfaction of customary closing conditions.
The Company intends to use the net proceeds for strengthening of
its operating subsidiaries’ printing business in Hong Kong and
expanding market presence in other international markets in
particular the U.S., for purchasing machinery and improving and
upgrading its operating subsidiaries’ production equipment to
enhance level of automation, and for additional working capital and
other general corporate purposes.
In addition, the Company has granted the
underwriters a 45-day option to purchase up to an additional
300,000 Ordinary Shares of the Company, at the Offering Price, less
underwriting discounts.
The Offering is conducted on a firm commitment
basis. Cathay Securities Inc. is acting as the representative of
the underwriters, with Revere Securities LLC and Dominari
Securities LLC acting as co-underwriters (collectively, the
“Underwriters”) for the Offering. Hunter Taubman Fischer &
Li LLC is acting as U.S. legal counsel to the Company and Ortoli
Rosenstadt LLP is acting as legal counsel to the Underwriters for
the Offering.
The Offering is being conducted pursuant to the
Company’s Registration Statement on Form F-1 (File No. 333-275498),
as amended, previously filed with, and subsequently declared
effective by the U.S. Securities and Exchange Commission (the
“SEC”) on September 30, 2024. The Offering is being made only by
means of a prospectus, forming a part of the registration
statement. You may get these documents for free by visiting EDGAR
on the SEC Web site at www.sec.gov. Alternatively, electronic
copies of the prospectus relating to the Offering may be obtained,
when available, from Cathay Securities Inc., by email at
service@cathaysecurities.com, by standard mail to Cathay
Securities, Inc., 40 Wall Street, Suite 3600, New York, NY 10005,
or by telephone at +1 (855) 939-3888; or from Revere Securities LLC
by email at contact@reveresecurities.com, by standard mail to
Revere Securities LLC, 560 Lexington Avenue, 16th Floor, New York,
NY 10022, or by telephone at +1 (212) 688-2350.
Before you invest, you should read the
registration statement, the prospectus and other documents the
Company has filed or will file with the SEC for more information
about the Company and the Offering. This press release has been
prepared for informational purposes only and shall not constitute
an offer to sell or the solicitation of an offer to buy any
securities, and no sale of these securities may be made in any
state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or other jurisdiction.
About Samfine Creation Holdings Group
Limited
Samfine Creation Holdings Group Limited is an
established one-stop printing service provider which principally
provides printing services in Hong Kong and the PRC. With over 20
years of experience in the printing industry, its operating
subsidiaries offer a wide range of printed products such as book
products and novelty and packaging products. Its operating
subsidiaries’ customers principally comprise of book traders
located in Hong Kong whose clients are located around the world,
mainly in the U.S. and Europe.
FORWARD-LOOKING STATEMENTS
Certain statements in this announcement are
forward-looking statements. These forward-looking statements
involve known and unknown risks and uncertainties and are based on
the Company’s current expectations, including the trading of its
Ordinary Shares or the closing of the Offering. Investors can find
many (but not all) of these statements by the use of words such as
“approximates,” “believes,” “hopes,” “expects,” “anticipates,”
“estimates,” “projects,” “intends,” “plans,” “will,” “would,”
“should,” “could,” “may” or other similar expressions. Although the
Company believes that the expectations expressed in these
forward-looking statements are reasonable, it cannot assure you
that such expectations will turn out to be correct. The Company
cautions investors that actual results may differ materially from
the anticipated results and encourages investors to read the risk
factors contained in the Company’s final prospectus and other
reports it files with the SEC before making any investment
decisions regarding the Company’s securities. The Company
undertakes no obligation to update or revise publicly any
forward-looking statements to reflect subsequent occurring events
or circumstances, or changes in its expectations, except as may be
required by law.
Contacts
Samfine Creation Holdings Group Limited Investor Relations
Contact:
Phone: +852 3589 1500 Email: 888@1398.cn
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