Core Viewpoint - Haoxin Holdings Limited is pricing its initial public offering (IPO) of 1,750,000 Class A ordinary shares at 7 million before expenses [1][2]. Group 1: Offering Details - The IPO is being conducted on a firm commitment basis and is expected to close on April 16, 2025, subject to customary closing conditions [2]. - Underwriters have an option to purchase an additional 262,500 Class A ordinary shares within 45 days at the public offering price [2]. Group 2: Use of Proceeds - Proceeds from the IPO will be allocated for the purchase of new vehicles, acquisitions and business alliances, IT systems upgrades, and general working capital [3]. Group 3: Company Overview - Haoxin Holdings Limited provides temperature-controlled truckload services and urban delivery services in China, focusing on factory logistics for various goods including electronic devices, chemicals, and food [6]. - The company's transportation network covers 30 out of 34 provinces and autonomous regions in China [6].
HAOXIN HOLDINGS LIMITED Announces Pricing of Initial Public Offering