Cathay Smart Driving (03881) priced at 263 Hong Kong dollars per share, Hong Kong public offering received 22.55 times oversubscription.
Hidi Smart Driving (03881) announced the results of its placement exercise, with a total of 5.40798 million H shares being offered globally. The public offering in Hong Kong accounts for 10% of the total, while the international offering accounts for 90%. The final offer price is HK$263 per share, with a net raise of approximately HK$1.309 billion from the global offering. Each board lot consists of 10 shares, and it is expected that the H shares will start trading on the Hong Kong Stock Exchange on Friday, December 19, 2025, at 9:00 a.m. Hong Kong time.
China Smart Drive Group (03881) announced the results of the share placement, with a total of 5.40798 million H shares being sold globally. The public offering in Hong Kong accounted for 10%, while the international offering accounted for 90%. The final offering price was HK$263 per share, with a net fundraising of approximately HK$1.309 billion from the global offering. Trading of the H shares is expected to commence on the Hong Kong Stock Exchange on December 19, 2025 (Friday) at 9:00 am (Hong Kong time).
The public offering in Hong Kong was oversubscribed by 22.55 times, while the international offering was oversubscribed by 2.1 times.
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