SICC Co., Ltd. (02631): Oversubscription rights to the exercise of several banks, stabilizing the price period has ended.

date
14/09/2025
avatar
GMT Eight
Tianyue Advanced (02631) announced that the oversubscription rights stated in the prospectus have been exercised on September 14, 2025 (Sunday)...
SICC Co., Ltd. (02631) announced that the excess share allotment rights as stated in the prospectus have been fully exercised by the sponsor and joint global coordinator (on behalf of itself and the international underwriters) on September 14, 2025 (Sunday), involving a total of 7.1618 million H shares, representing approximately 15.0% of the total number of shares initially available for subscription under the global offering (before any exercise of excess share allotment rights). The excess shares will be distributed and issued by the company at a price of HK$42.80 per H share. The proceeds from the excess shares will be used to expedite the delivery of part of the H shares to subscribers who have agreed to accept delayed delivery as per their subscription under the global offering. In accordance with Section 571W of the Securities and Futures Ordinance (Stabilisation Activities) Rules, the company further announces that the stabilisation period for the global offering ended on September 14, 2025 (Sunday) (30 days after the deadline for submitting the Hong Kong public offer application).