freerouletteonlineforfun| Veteran printing industry player Star Printing (SFHG.US) will list on NASDAQ and plans to reduce its fundraising by 20% to US$9 million

Zhitong Finance APP learned that its headquarters are located in Hong KongfreerouletteonlineforfunXinghui New Development Holdings Co., Ltd.(hereinafter referred to as "Xinghui Printing"), a printing service provider of its company, cut the proposed transaction size of its upcoming U.S. initial public offering (IPO) on Friday and currently plans to issue 2 million shares at a price of US$4 to US$5 to raise US$9 million. The company had previously applied to issue 2.5 million shares at the same price, and based on the median price, the funds raised would be 20% less than previously expected.

Xinghui Printing provides a variety of printing products through its operating subsidiaries and has rich experience in customized and personalized book printing. The company has a wide range of businesses, including book products such as educational books and notebooks, as well as creative products such as handicraft products and pop-up books. and packaging products. The company's customers are mainly Hong Kong book traders, with trader customers all over the world, mainly in the United States and Europe.

Xinghui Printing was established in 1993 and achieved revenue of US$15 million in the 12 months ended December 31, 2023. The company plans to list on Nasdaq under the ticker symbol SFHG. Revere Securities was the sole bookkeeper for the transaction.