Plus Group Holdings successfully listed on the Hong Kong Stock Exchange
2023-05-12
On May 11, 2023, Plus Group Holdings Inc. ("Plus Group Holdings") (stock code: "02486.HK") was successfully listed on the Main Board of the Hong Kong Stock Exchange. Plus Group Holdings is offering 25 million shares (before the exercise of the over-allotment option) in a global offering at an issue price of HK$10.60 per share, raising gross proceeds of approximately HK$265 million.
Founded in 2004, Plus Group Holdings is a leading sales and marketing services provider. The company focuses on providing field sales and marketing solutions to head FMCG (i.e. Fast Moving Consumer Goods) brands and distributors who mainly do business in offline retail stores (e.g. supermarkets, department stores, outdoor promotions, etc.), with revenue generated from customized marketing solutions, task and marketer matching services, marketer assignment services, SaaS+ subscriptions, etc.
The IPO was co-sponsored by Jefferies Hong Kong Limited and Guotai Junan Capital Limited.
PwC provides audit services for this project.
Jingtian & Gongcheng, Tian Yuan Law Firm LLP and King & Wood Mallesons as legal advisers to the issuer in respect of PRC law, Hong Kong law and US law respectively.
Tian Yuan Law Firm provided professional services to the issuer on PRC law relating to cybersecurity and data compliance matters.
Commerce & Finance Law Offices, Jones Day as China legal counsel and Hong Kong and U.S. legal counsel for its sponsor, respectively.
Frost & Sullivan as its industry advisor.
Guotai Junan Capital Limited Limited is its compliance advisor.
