CONCH MAT TECH (02560) Limited price in Hong Kong public offering was subscribed 25.83 times.

08/01/2025

Hailong Material Technology (02560) announced the results of its share placement, with approximately 145 million shares being offered globally, including in Hong Kong...

CONCH MAT TECH (02560) announced the results of its share placement, with approximately 145 million shares offered globally. 30% of the shares were sold in a public offering in Hong Kong, while the remaining 70% were sold internationally. The final offer price was HK$3 per share, raising approximately HK$396 million in total from the global sale. Trading of H shares is expected to begin on the Hong Kong Stock Exchange at 9:00 am on Thursday, January 9, 2025. In the public offering in Hong Kong, there was oversubscription of 25.83 times, while the international placement was oversubscribed by 1.04 times.

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A-shares market closing review | A-shares undergo a sudden change! The three major indexes accelerate their decline in the afternoon with high volume selling, reasons for the sharp drop exposed.

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