Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizen Alejandro86 for the clue delivery! CTOnews.com October 16 news, extreme Rabbit Express announced on the Hong Kong Stock Exchange today that the company plans to sell 326.6 million shares worldwide, with 10 per cent of public offerings in Hong Kong and 90 per cent of international offerings, with another 15 per cent over-allotment option at HK $12.00 per share (currently about 11 yuan), with 200 shares per share. Class B shares are expected to be listed on October 27, 2023, with the stock code 1519.

▲ official announcement according to the official announcement, extreme Rabbit Express is expected to collect a net global offering of about HK $3.5279 billion (CTOnews.com Note: currently about 3.302 billion yuan). The company plans that about 30% will be used to broaden the company's logistics network, upgrade the company's infrastructure and strengthen the company's sorting and warehousing capacity and capacity in Southeast Asia and other existing markets; about 30% will be used to open up new markets and expand the company's range of services; about 30% will be used for research and development and technological innovation; and about 10% will be used for general corporate purposes and operating capital requirements.

▲ Tuyuan extreme Rabbit official website according to CTOnews.com previously reported that extreme Rabbit Express submitted an application for IPO to the Hong Kong Stock Exchange in June this year, and the listing co-sponsors were Morgan Stanley, Bank of America and China International Capital Corporation. Polar Rabbit Express began in Indonesia and gradually expanded to other Southeast Asian countries, including Vietnam, Malaysia, the Philippines, Thailand, Cambodia and Singapore, officials said. According to Frost Sullivan, the market share of polar rabbit express delivery is 22.5% in terms of package volume in 2022.

Polar Rabbit Express entered the Chinese express market in 2020 and has a market share of 10.9 per cent by package volume, according to Frost Sally. At present, it has fully covered seven countries and regions in the southeast, and the geographical coverage of counties and districts in China has exceeded 98%.

The website of the China Securities Regulatory Commission issued a filing notice on the overseas listing of Jared Global Express Limited on September 15 this year, and the IPO of the Hong Kong Stock Exchange of extreme Rabbit Express Co., Ltd. passed a hearing on October 2, which means that the company's listing application is approved.

Related readings:

"extreme Rabbit Express has submitted an application for listing to the Hong Kong Stock Exchange, with an annual package of 14.6 billion pieces in 2022."

"the listing application was approved and extreme Rabbit Express was heard through the Hong Kong Stock Exchange."

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