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Modern Living (08426) kicks off IPO for HK$44.5m
Modern Living Investments Holdings (08426) said it plans to do share offer of a total
of 200 million shares, comprising 180 million placing shares (subject to reallocation)
and 20 million public offer shares (subject to reallocation), at an offer price of
 between HK$0.30 and HK$0.38 per share, raising HK$60 million to HK$76 million.

  The public offer began today and closes at noon on 3 November.
  The final offer price and the allotment results will be announced on 9 November.
  The trading of the shares of Modern Living on the Growth Enterprise Market (GEM) board 
of The Stock Exchange of Hong Kong (00388) is expected to begin on 10 November 2017.
  Ballas Capital is sole sponsor to the listing. Huabang Securities and Ballas Capital are
joint bookrunners and joint lead managers. The net proceeds from the share offer are 
estimated to be HK$44.5 million.
  Modern Living is a property management services provider in Hong Kong, with a primary
focus on public housing.

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