Boyuan Holdings Limited (ASX:BHL) today commenced trading on the ASX following the successful closure of it’s IPO following solid demand from a broad range of investors raising A$18.6 million. At the offer price of A$0.20 per share, Boyuan will have a market capitalisation of approximately A$69 million.
BlueMount Capital was the lead advisor to Boyuan.
Commenting on the successful listing, the Chairman of Boyuan Holdings Limited, Dr Saliba Sassine thanked the team of advisors saying: “The Board of Boyuan would like to take this opportunity to thank its supporters and shareholders in making the company’s IPO an outstanding success. We believe that Australia’s combination of a stable government, a strong housing sector and skilled workforce provide Boyuan & our investors with significant opportunities.”
The opening of the Boyuan IPO offer has received widespread media attention in the Australian press. Both The Australian Financial Review and the Australian have both covered the IPO.
Financial Review Article – Boyuan is the first Chinese developer to list on ASX
The Australian Article – Boyuan plans market listing after buying giant subdivision site
Interested investors can download the prospectus on our dedicated Boyuan page