China Unicom (02671) launched a public offering in Hong Kong with a price cap and received 146.25 times oversubscription.
China(02671) announced the distribution results, with the company globally offering 24.6 million H shares, of which 10% were publicly offered in Hong Kong and 90% were internationally offered. The final offer price was HK$7.1 per share, raising approximately HK$140 million through the global offering. Trading of the H shares is expected to begin on the Hong Kong Stock Exchange on Tuesday, December 30, 2025, at 9:00 a.m. Hong Kong time, with each lot consisting of 300 shares.
China United Network Communications Corporation Limited (02671) announced the results of its distribution. The company globally issued 24.6 million H shares, with 10% for public offering in Hong Kong and 90% for international offering. The final offering price is 7.1 Hong Kong dollars per share, with a net fundraising of approximately 140 million Hong Kong dollars through global offering. Each lot consists of 300 shares, and it is expected that the H shares will start trading on the Hong Kong Stock Exchange at 9:00 am on December 30, 2025 (Tuesday) Hong Kong time.
The public offering in Hong Kong was oversubscribed by 146.25 times, while the international offering was oversubscribed by 1.48 times.
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