Advised Holly Futures Co., Ltd. (“Holly Futures”) in relation to its proposed A share offering and listing. Holly Futures proposed to offer a maximum of 120,000,000 A shares by way of specific mandate to be listed on the Shenzhen Stock Exchange. The proposed A share offering and listing are subject to the approval by the China Securities Regulatory Commission and other relagutory authories in the PRC. Upon completion, Holly Futures will be dual-listed in both Hong Kong and the PRC.
Holly Futures is a Hong Kong-listed company (stock code: 3678) which principally engages in commodity futures brokerage, financial futures brokerage, futures investment consulting, asset management, fund sales in the PRC. The proposed A share offering and listing is intended to raise funds to strengthen the capital base of Holly Futures and its domestic subsidiaries, as well as for its continuing growth and business development.