Exciting New Developments for Park Ha Biological Technology

Park Ha Biological Technology Co., Ltd. Unveils Public Offering

Wuxi, China — Park Ha Biological Technology Co., Ltd. is on an exciting path as it prepares to embark on its initial public offering, aiming to elevate its position in the skincare industry. With a mission focused on developing private skincare labels and providing effective solutions, the company is making significant strides in its market presence.

Pricing and Details of the Offering

The company has priced its public offering at $4.00 per ordinary share, totaling an impressive 1,200,000 shares. This moves the company closer to raising $4.8 million in gross proceeds, which will be dedicated to enhancing its retail operations and product development. The shares are set to debut on the Nasdaq Capital Market under the ticker symbol “PHH,” marking a significant milestone for the company.

Usage of Proceeds from the Offering

The funds raised from this offering will be pivotal for Park Ha Biological Technology. The company plans to use the proceeds to expand its directly-owned stores, acquire existing product patents for new product development, and source ingredient suppliers. These initiatives are aimed at bolstering efficiency and reducing production costs over time.

Important Dates in the Offering Process

The offering is on track to close soon, with a expected completion timeline of around 30 days after pricing, pending regulatory approvals and customary closing conditions. This timeline reflects the company’s commitment to quick and efficient growth.

Company Vision and Market Presence

Park Ha Biological Technology, established in 2016, has developed a robust presence in the skincare market. With a focus on providing affordable and effective solutions, the brand "Park Ha" aims to enhance the confidence of women dealing with skin-related issues. As of now, the company operates two directly managed stores and has established a network of 43 franchises.

Value-Added Services

The company does not stop at merely selling products; it also provides a "light beauty experience" after-sales service designed to enhance customer satisfaction and loyalty. This extra service creates an engaging experience for customers, ensuring they leave with more than just a product but with a feeling of care as well.

Strategic Partnerships

To facilitate the offering, Dawson James Securities, Inc. and D. Boral Capital LLC are serving as underwriters. Their expertise is vital to ensuring the company’s public offering captures the right audience and investment interest in the skincare market.

Future Outlook for Park Ha Biological Technology

As Park Ha Biological Technology moves forward, its public offering represents just the beginning of its ambitions. The skincare market continues to evolve, and by positioning itself for growth, the company is set on a path that could open various avenues for expansion. Investors looking at the ticker symbol “PHH” will find a company ripe with potential.

Commitment to Transparency

In line with best practices, Park Ha emphasizes the importance of reviewing the offering prospectus. This documentation details the specifics of the offering and the company’s plans going forward. Careful examination will provide investors with a better understanding of their venture.

Continuous Engagement with Investors

To maintain clear communication, Park Ha Biological Technology encourages interested parties to reach out directly through their investor relations. By providing accessible contact options, the company fosters a strong relationship with its investors, ensuring they are informed and involved in its growth journey.

Frequently Asked Questions

What is the purpose of Park Ha's initial public offering?

The IPO aims to raise funds for expanding store locations, developing new products, and sourcing materials to reduce costs.

How many shares are being offered in the IPO?

A total of 1,200,000 shares are offered at a public price of $4.00 per share.

What plans does Park Ha have for the proceeds from the IPO?

Funds will be directed towards expanding stores, acquiring product patents, and sourcing supplies to lower production costs.

When will the shares start trading on the market?

The shares are expected to commence trading shortly after the offering closes, under the ticker symbol “PHH.”

How can investors get more information about the offering?

Investors can review the prospectus filed with the SEC and reach out to the company’s investor relations for further questions.

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