Roadshow to raise HK$540 mln through IPO and to get listed at the end of the mon

Kowloon Motor Bus Holdings (0062) announced to spin off its subsidiary Roadshow to list on the main board with issue prices ranging from HK$1.69 to HK$2.25 each. HK$406 mln would be raised through issuing 240 mln new shares, 90% of which were for placement and 10% were for IPO. 

The profit attributable to the shareholders of Roadshow to late December this year was less than HK$180 mln, increasing 5 times compared with the last year. 

The date for the IPO would be on June19-22, the price be set on June 23 and the company would be listed on June 28.

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