Shanghai Longcheer Technology (09611): Hong Kong public offering oversubscribed by 1149.76 times, raising approximately HK$1.52 billion in net proceeds from global offering.
LongiTech Smart Energy Technology (09611) announced the distribution results. The company globally issued 52,259,100 H shares, with 10% of the shares being publicly offered in Hong Kong and 90% internationally. The offer price per share was 31.00 HKD, raising approximately 1.52 billion HKD through global distribution. Each board lot consists of 100 shares, and it is expected that the H shares will begin trading on the Hong Kong Stock Exchange on the morning of January 22, 2026.
Shanghai Longcheer Technology (09611) has announced the results of its distribution. The company has globally issued 52.2591 million H shares, with 10% allocated for public offering in Hong Kong and 90% for international offering. The offering price per share is HK$31.00, with a net fundraising of approximately HK$1.52 billion through the global offering. Trading of H shares on the Stock Exchange of Hong Kong is expected to commence at 9:00 am on January 22, 2026.
The public offering in Hong Kong was oversubscribed 1149.76 times, while the international offering was oversubscribed 9.02 times.
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