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| Leading Printing Services Provider in Hong Kong with Online Platforms and Retail Stores;Replicate the Successful Business Model for Expansion into Overseas Markets |
HONG KONG, Nov 21, 2013 - (ACN Newswire) - eprint Group Limited ("eprint" or the "Group"), the leading printing services provider in Hong Kong which covers both online self-service ordering platforms and retail stores , intends to offer 125,000,000 shares (subject to allocation and Over-allotment Option), of which 90% or 112,500,000 shares are for Placing and the remaining 10% or 12,500,000 shares are for the Hong Kong Public Offer. The indicative offer price range is between HK$0.78 and HK$1.08 per share. Assuming the Over-allotment Option is not exercised, the total issue size is estimated at between approximately HK$97,500,000 and HK$135,000,000.
The Hong Kong Public Offer has begun on 20 November 2013 (Wednesday) and will end at 12:00 noon on 25 November 2013 (Monday). The final offer price and allotment results will be announced on 2 December 2013 (Monday). Trading in eprint's shares will commence on the Main Board of the HKSE on 3 December 2013 (Tuesday) under the stock code 1884. The shares will be traded in board lots of 4,000 shares.
Cinda International Capital Limited is the Sole Sponsor, while Cinda International Securities Limited is the Sole Bookrunner and Lead Manager.
Business highlights
The leading printing service provider in Hong Kong covering both online self-service platforms and retail stores
eprint operates four online platforms to provide round-the-clock self-service ordering services for SMEs, education institutes and retail customers. The platforms enhance the efficiency of order processing, and it has become one of the Group's key income contributors. In addition, eprint is also a printing service provider with extensive retail network. Currently, it has established 16 "eprint" and "invoice" stores in Hong Kong, reinforcing its competitive advantages as a iconic and well recognized local brand.
Unique eprint management system ensures quick and high quality printing services
The Group's self-developed eprint management system can help to reduce production costs and wastage, therefore boosting the Group's operational efficiency. The Group computerises and standardises the entire process from order to print. As production takes place in Hong Kong, eprint can rapidly handle large volume of orders at very competitive prices.
Future Strategies
eprint intends to replicate the successful business model for expansion into overseas markets, such as South East Asia and Macau. The Group has established a joint venture, E-Print Solutions, in Malaysia, and operates eight stores there. The revenue of E-Print Solutions has been growing during the track record period and has started to make profit.
On the other hand, the Group plans to launch a new self-developed mobile application for self-service ordering so that customers could place orders and make payments anytime and anywhere through their mobile phones. Also, the Group is enhancing its self-service ordering platform, improving its IT infrastructure, as well as expanding and optimising the retail network in Hong Kong. The Group intends to open four "e-print" stores and one "invoice" store in 2013 and 2014 respectively while actively expanding production capacity to meet future business growth.
Contact:
Strategic Financial Relations Limited
Vicky Lee +852 2864 4834 vicky.lee@sprg.com.hk
Maggie Au +852 2864 4815 maggie.au@sprg.com.hk
Agnes Luo +852 2864 4851 agnes.luo@sprg.com.hk
Fax: +852 2527 1196
Website: http://www.sprg.asia/hk
Topic: Press release summary
Source: eprint Group Limited
Sectors: Daily Finance, Daily News
https://www.acnnewswire.com
From the Asia Corporate News Network
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