HK Stock Market Move | MAO GEPING (01318) rose more than 4% during trading, all excess rights issue were exercised, stabilizing price actions, and the period for stabilizing prices has ended.

MAO GEPING (01318) rose more than 4% during trading hours, with an increase of 4.43% at the time of writing, reaching HKD 58.9, with a turnover of HKD 40.1233 million. On the news front, on January 6, MAO GEPING announced that the exclusive overall coordinator (for itself and representatives of international underwriters) had fully exercised the excess share subscription rights as stated in the prospectus on January 4, 2025 (Saturday), involving a total of 11.7635 million H shares (excess shares issued), accounting for approximately 15% of the total number of shares available for subscription under the global offering (after the exercise of the overallotment option but before the exercise of any excess share subscription rights). The excess shares will be issued and distributed by the Company at HKD 29.80 per H share. The excess shares will be used to facilitate the delivery of part of the H shares to the subscribers who have agreed to delay the delivery of the H shares subscribed for under the global offering. In accordance with Section 9(2) of Chapter 571W of the Securities and Futures (Price Stabilizing) Rules of the Hong Kong regulations, the Company hereby announces that the stabilizing price period of the global offering ends on January 4, 2025 (Saturday) (the 30th day after the deadline for submitting the Hong Kong public offering application).