Suzhou Novosense Microelectronics (02676): Partial Exercise of Oversubscription Rights, Price Stabilization Action and End of Price Stabilization Period

date
21:35 02/01/2026
avatar
GMT Eight
Naxin Micro (02676) announced that the overall coordinator (for itself and on behalf of international underwriters) partially exercised the over-allotment option as described in the prospectus on January 2, 2026. This involved a total of 1,026,600 H shares, equivalent to approximately 5.38% of the preliminary total number of shares available for subscription under the global offering before the exercise of the over-allotment option. The additional allocated shares will be issued and distributed by the company at a price of HK$116.00 per H share (i.e. the offering price per H share under the global offering). In addition, the stabilizing price period for the global offering has ended on January 2, 2026 (i.e. the 30th day after the deadline for submitting the Hong Kong public offering application).
Suzhou Novosense Microelectronics (02676) announced that the overall coordinator (for itself and on behalf of the international underwriters) has partially exercised the oversubscription rights as stated in the prospectus on January 2, 2026, involving a total of 1.0266 million H shares, equivalent to approximately 5.38% of the preliminary total number of shares available for subscription under the global offering before the exercise of oversubscription rights. The oversubscribed shares will be issued and distributed by the Company at a price of HK$116.00 per H share (i.e. the offer price per H share under the global offering). In addition, the stabilizing period for the global offering ended on January 2, 2026 (i.e. the 30th day after the deadline for submitting the Hong Kong public offering application).