Hong Kong, Sept. 12, 2025 (GLOBE NEWSWIRE) — Hang Feng Technology Innovation Co., Ltd. (the “Company” or “Hang Feng”), a Hong Kong-based company providing comprehensive corporate management consulting and asset management services, today announced the pricing of its initial public offering (the “Offering”) of 1,375,000 Ordinary Shares at a public offering price of US$4.0 per ordinary share. The ordinary shares have been approved for listing on the Nasdaq Capital Market and are expected to commence trading on September 12, 2025, under the ticker symbol “FOFO.”
The Company expects to receive aggregate gross proceeds of US$5.5 million from the Offering, before deducting underwriting discounts and other related expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 206,250 ordinary shares at the public offering price, less underwriting discounts. The Offering is expected to close on or about September 15, 2025, subject to the satisfaction of customary closing conditions.
Proceeds from the Offering will be used for: strengthening corporate management consulting business, developing asset management business, driving business expansion and strategic partnerships, and supporting general working capital and operations.
The Offering is being conducted on a firm commitment basis. Kingswood Capital Partners, LLC (“Kingswood”) is acting as the underwriter for the Offering. Hunter Taubman Fischer & Li LLC is acting as U.S. counsel to the Company, and VCL Law LLP is acting as U.S. counsel to Kingswood in connection with the Offering.
A registration statement on Form F-1 relating to the Offering was filed with the U.S. Securities and Exchange Commission (the “SEC”) (File Number: 333-287284), as amended, and was declared effective by the SEC on September 12, 2025. The Offering is being made only by means of a prospectus, forming a part of the registration statement. Copies of the final prospectus relating to the Offering, when available, may be obtained from Kingswood by email at lciervo@kingswoodus.com, by standard mail to Kingswood, 7280 W. Palmetto Park Rd., Suite 301, Boca Raton, FL 33433, or by telephone at +1-561-961-0505. In addition, copies of the final prospectus relating to the Offering, when available, may be obtained via the SEC’s website at www.sec.gov.
Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company’s securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation or sale of any of the Company’s securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
