YUMC's Share Price is Set at HKD 412
YUMC stated that it will issue 41,910,700 shares at an offer price of HKD 412 per offer share, with net proceeds of approximately HKD 17.00 billion. It is expected to be listed on September 10. The Hong Kong Offer Shares initially available for subscription under the Hong Kong Public Offering were significantly over-subscribed. A total of 137,700 valid applications were received, and a total of 87,718,500 Hong Kong Offer Shares were subscribed, which is equivalent to the initial subscription available under the Hong Kong Public Offering. The total number of shares is approximately 52.32 times of 1,676,500 shares.
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