MAO GEPING (01318): fully exercise the excess rights issue, stabilizing prices, and the stabilization period ends

MAO GEPING (01318) announced that the exclusive overall coordinator (on behalf of itself and representing international underwriters) has fully exercised the oversubscription rights as stated in the prospectus on January 4, 2025 (Saturday), involving a total of 11.7635 million H shares (oversubscribed shares), accounting for approximately 15% of the total number of shares available for subscription under the global offering (after considering the exercise of the over-allotment option but before any oversubscription rights are exercised). The oversubscribed shares will be issued and distributed by the company at a price of HK$29.80 per H share. The oversubscribed shares will be used to facilitate the delivery of part of the H shares to the subscribers who have agreed to postpone the delivery of the H shares they subscribed for under the global offering. In accordance with section 9(2) of Chapter 571W of the Securities and Futures (Price Stabilization) Rules of Hong Kong, the Company announced that the stabilization period for the global offering will end on January 4, 2025 (Saturday) (i.e. 30 days after the deadline for submitting the Hong Kong public offering application).