A market leading photo-ID booth operator in Guangdong and Hong Kong (Max Sight Group), in which Photo-Me has a substantial stake, will IPO on 28 February. The market value will be c£24m (HK$260m) at the mid-point of the price range. This will realise a c£3m exceptional revaluation gain on its 13.75% stake. The majority of the IPO proceeds will be used to fund network expansion and upgrades in Guangdong, a vast Chinese province where it currently has 214 units. Photo-Me has the master supply agre ....
19 Feb 2018
IPO of China associate Max Sight to accelerate photo booth roll-out
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IPO of China associate Max Sight to accelerate photo booth roll-out
ME Group International plc (MEGP:LON) | 167 0.7 0.2% | Mkt Cap: 628.8m
- Published:
19 Feb 2018 -
Author:
Matthew McEachran -
Pages:
3
A market leading photo-ID booth operator in Guangdong and Hong Kong (Max Sight Group), in which Photo-Me has a substantial stake, will IPO on 28 February. The market value will be c£24m (HK$260m) at the mid-point of the price range. This will realise a c£3m exceptional revaluation gain on its 13.75% stake. The majority of the IPO proceeds will be used to fund network expansion and upgrades in Guangdong, a vast Chinese province where it currently has 214 units. Photo-Me has the master supply agre ....