Global Offering
Total Page:16
File Type:pdf, Size:1020Kb
YesAsia Holdings Limited YesAsia YesAsia Holdings Limited (Incorporated in Hong Kong with limited liability) Stock Code : 2209 GLOBAL OFFERING YesAsia Holdings Limited Sole Sponsor and Sole Global Coordinator IMPORTANT IMPORTANT: If you are in doubt about any of the contents of this prospectus, you should obtain independent professional advice. YesAsia Holdings Limited 喆 麗 控 股 有 限 公 司 (Incorporated in Hong Kong with limited liability) GLOBAL OFFERING Number of Offer Shares : 39,540,000 Shares (subject to the Over-allotment Option) Number of Hong Kong Offer Shares : 3,954,000 Shares (including 395,000 Employee Reserved Shares) (subject to reallocation) Number of International Offer Shares : 35,586,000 Shares (subject to reallocation and the Over-allotment Option) Offer Price : Not more than HK$3.33 per Offer Share (payable in full on application in Hong Kong dollars, subject to refund, plus brokerage of 1%, SFC transaction levy of 0.0027% and Stock Exchange trading fee of 0.005%) and expected to be not less than HK$3.00 per Offer Share Stock Code : 2209 Sole Sponsor, Sole Global Coordinator, Joint Bookrunner and Joint Lead Manager Joint Bookrunners and Joint Lead Managers (in alphabetical order) Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited (the ‘‘Stock Exchange’’) and Hong Kong Securities Clearing Company Limited take no responsibility for the contents of this prospectus, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this prospectus. A copy of this prospectus, having attached thereto the documents specified in the paragraph headed ‘‘Documents Delivered to the Registrar of Companies in Hong Kong’’ in Appendix V to this prospectus, has been registered by the Registrar of Companies in Hong Kong as required by section 38D of the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Chapter 32 of the Laws of Hong Kong). The Securities and Futures Commission and the Registrar of Companies in Hong Kong take no responsibility for the contents of this prospectus or any other document referred to above. The Offer Shares have not been and will not be registered under the U.S. Securities Act or any state securities laws of the United States and may not be offered, sold, pledged, or transferred within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and in accordance with any applicable U.S. securities law. The Offer Price is expected to be fixed by agreement between the Sole Global Coordinator (acting for itself and on behalf of the Underwriters) and us on the Price Determination Date, which is expected to be on or around Friday, 2 July 2021 or such later date as may be agreed between the parties, but in any event no later than Thursday, 8 July 2021. The Offer Price will not be more than HK$3.33 for each Offer Share and is expected to be not less than HK$3.00 for each Offer Share. Investors applying for our Hong Kong Offer Shares must pay, on application, the maximum Offer Price of HK$3.33 for each Offer Share, together with brokerage fee of 1%, SFC transaction levy of 0.0027% and Stock Exchange trading fee of 0.005%, subject to refund if the Offer Price is lower than HK$3.33 for each Offer Share. The Sole Global Coordinator (acting for itself and on behalf of the Underwriters) may reduce the indicative range of the Offer Price stated above in this prospectus at any time prior to the morning of the last day for lodging applications under the Hong Kong Public Offering. In such case, an announcement will be published on the Stock Exchange’s website at www.hkexnews.hk and the Company’s website at www.yesasiaholdings.com no later than the morning of the day which is the last day for lodging applications under the Hong Kong Public Offering. Further details are set out in ‘‘Structure and Conditions of the Global Offering’’ and ‘‘How to Apply for Hong Kong Offer Shares’’ in this prospectus. If applications for our Hong Kong Offer Shares have been submitted prior to the day which is the last day for lodging applications under the Hong Kong Public Offering, such applications can be subsequently withdrawn if the indicative range of the Offer Price is so reduced. If, for whatever reason, the Sole Global Coordinator (acting for itself and on behalf of the Underwriters) and us are unable to agree on the Offer Price on or before Thursday, 8 July 2021 the Global Offering will not proceed and will lapse. Prospective investors of our Hong Kong Offer Shares should note that the Hong Kong Underwriters is entitled to terminate its obligations under the Hong Kong Underwriting Agreement by notice in writing to us given by the Sole Global Coordinator (acting for itself and on behalf of the Underwriters) upon the occurrence of any of the events set forth in the section headed ‘‘Underwriting — Underwriting arrangements and expenses — Hong Kong Public Offering — Grounds for termination’’ in this prospectus at any time prior to 8: 00 a.m. (Hong Kong time) on the day on which dealings in our Shares commence on the Stock Exchange. Prior to making an investment decision, prospective investors should carefully consider all of the information set out in this prospectus, including, without limitation, the risk factors set out in the section headed ‘‘Risk Factors’’ in this prospectus. 28 June 2021 EXPECTED TIMETABLE If there is any change in the following expected timetable, our Company will issue a separate announcement to be published on the Stock Exchange’s website at www.hkexnews.hk and our Company’s website at www.yesasiaholdings.com. 2021 (Note 1) HongKongPublicOfferingcommences............................9:00a.m. on Monday, 28 June 2021 Latest time to lodge PINK ApplicationForms......................12:00noon on Wednesday, 30 June 2021 Latest time to complete electronic applications under White Form eIPO service through the designated website www.eipo.com.hk (Note 3) .............................11:30a.m. on Friday, 2 July 2021 Application lists open (Note 2) .................................11:45a.m. on Friday, 2 July 2021 Latest time to complete payment of White Form eIPO applications by effecting internet banking transfer(s) orPPSpaymenttransfer(s)...................................12:00noon on Friday, 2 July 2021 Latest time to give electronic application instructions to HKSCC (Note 4) .........................................12:00noon on Friday, 2 July 2021 Latest time to lodge WHITE and YELLOW ApplicationForms........................................12:00noon on Friday, 2 July 2021 Applicationlistsclose........................................12:00noon on Friday, 2 July 2021 Expected Price Determination Date (Note 5)..................Friday,2July2021 Announcement of the final Offer Price, the level of application in the Hong Kong Public Offering, the indication of level of interest in the International Offering, and the basis of allotment of the Hong Kong Offer Shares to be published on our website at www.yesasiaholdings.com; and the Stock Exchange’s website at www.hkexnews.hk onorbefore.................Thursday,8July2021 –i– EXPECTED TIMETABLE 2021 (Note 1) Results of allocations in the Hong Kong Public Offering (with successful applicants’ identification document numbers, where appropriate) to be available under a variety of channels as described in the section headed ‘‘How to Apply for Our Hong Kong Offer Shares — Publication of Results’’ in this prospectus including our Company’s website at www.yesasiaholdings.com and the Stock Exchange’s website at www.hkexnews.hk from......................Thursday,8July2021 Results of allocations in the Hong Kong Public Offering will be available at the designated result of allocation website at www.iporesults.com.hk (alternatively: English https://www.eipo.com.hk/en/Allotment; Chinese https://www.eipo.com.hk/zh-hk/Allotment)witha ‘‘searchbyID’’function.............................Thursday,8July2021 Despatch/collection of Share certificates of the Offer Shares or deposit of Share certificates of the Offer Shares into CCASS in respect of wholly or partially successful applications pursuant to the Hong Kong Public Offering on or before (Note6)...................Thursday, 8 July 2021 Despatch/collection of White Form eIPO e-Refund payment instructions/refund cheques in respect of wholly or partially unsuccessful applications pursuant to the Hong Kong Public Offering on or before (Note7)...................................Thursday, 8 July 2021 Dealings in the Shares on the Main Board expected to commenceon.............................................9:00a.m. on Friday, 9 July 2021 Notes: 1. All times and dates refer to Hong Kong local time, except as otherwise stated. Details of the structure of the Global Offering, including its conditions, are set out in the section headed ‘‘Structure and Conditions of the Global Offering’’ in this prospectus. 2. You will not be permitted to submit your application through the designated website at www.eipo.com.hk after 11: 30 a.m. on the last day for submitting applications. If you have already submitted your application and obtained a payment reference number from the designated website prior to 11: 30 a.m., you will be permitted to continue the application process (by completing payment of application money) until 12: 00 noon on the last day for submitting applications, when the application lists close. –ii– EXPECTED TIMETABLE 3. If there is a ‘‘black’’ rainstorm warning or a tropical cyclone warning signal number 8 or above and/or Extreme Conditions in force at any time between 9: 00 a.m. and 12: 00 noon on Friday, 2 July 2021, the application lists will not open and close on that day. Further information is set out in the section headed ‘‘How to Apply for Our Hong Kong Offer Shares — Effect of Bad Weather on the Opening of the Application Lists’’ in this prospectus.