[IPO Tracking] Zhifang International (08521-HK) has an admission fee of 3030 yuan

China's functional Knitted Fabric supplier, Zhifang International (08521-HK), has offered IPOs starting from RMB 0.5 to 0.6 per share for sale of 10%, 10% for public sale and 90% for placement. One lot of 5000 shares, admission fee of 3030.23 yuan. It is expected that the shares will be listed on the GEM on May 16.

The fund raising amount is up to 72 million yuan, and the net fund raising is about 36.6 million yuan, of which about 22.4% is used to strengthen sales; about 60.4% is used to improve innovation ability and increase research and development and product testing resources; about 9.6% is used to strengthen information technology infrastructure And develop and maintain an enterprise resource planning system; and approximately 7.6% for working capital and other general corporate purposes.