Vision Fame International Holding Limited (HKG:1315) said that its offer price has been determined at HK$1.2 per offer share, based on which the net proceeds from the global offering to be received by the company are estimated to be approximately HK$42.5 million.

With a board lot size of 2,000 shares, the stock will be listed tomorrow.

Valid applications pursuant to the Hong Kong public offer for a total of 31.73 million Hong Kong public offer shares were received, representing approximately 4.2 times of the total number of 7.5 milion shares initially available under the Hong Kong public offer.

All applicants who had applied for one board lot of the stock were allotted the shares.

The offer shares initially offered under the international placing were slightly over-subscribed.