BIREN TECH (06082): Exercise all excess rights issue, stabilize price action, and end price stabilization period.
WALL RAY TECHNOLOGY (06082) announced that the sponsor and overall coordinator (for itself and on behalf of international underwriters) has fully exercised the oversubscription rights as defined in the prospectus on January 28, 2026 (Wednesday), involving a total of 42.7268 million H shares (oversubscribed shares), accounting for approximately 15% of the total number of shares available for subscription under the global offering (after the exercise of the overallotment option and before any oversubscription rights are exercised).
BIREN TECH (06082) announced that the sponsor and overall coordinator (for itself and on behalf of international underwriters) had fully exercised the oversubscription rights as stated in the prospectus on January 28, 2026 (Wednesday), involving a total of 42.7268 million H shares (oversubscribed shares), representing approximately 15% of the total number of shares available for subscription under the global offering (after the full exercise of the over-allotment option and prior to any exercise of oversubscription rights).
The oversubscribed shares will be issued and distributed by the company at a price of HK$19.60 per H share (i.e. the offer price per H share under the global offering, excluding 1% brokerage commission, 0.0027% SFC transaction levy, 0.00565% HKEX trading fee, and 0.00015% SFC trading levy). The oversubscribed shares will be used to expedite the delivery of a portion of the H shares to the subscribers who have agreed to the delay in delivery of the relevant H shares purchased under the global offering.
In accordance with Section 9(2) of Chapter 571W of the Securities and Futures (Price Stabilization) Rules of Hong Kong, the company announced that the stabilization period for the global offering ended on January 28, 2026 (Wednesday) (i.e. 30 days after the deadline for submitting the public offering application in Hong Kong). The actions taken by the stabilization manager China International Finance Hong Kong Securities Limited or its affiliates or any person acting on its behalf during the stabilization period are as follows:
1) The oversubscription of a total of 42.7268 million H shares in the international offering, representing approximately 15% of the total number of shares available for subscription under the global offering (after the full exercise of the over-allotment option and prior to any exercise of oversubscription rights); and
2) The sponsor and overall coordinator (for itself and on behalf of international underwriters) fully exercised the oversubscription rights for a total of 42.7268 million H shares on January 28, 2026 (Wednesday) at a price of HK$19.60 per H share (i.e. the offer price per H share under the global offering, excluding 1% brokerage commission, 0.0027% SFC transaction levy, 0.00565% HKEX trading fee, and 0.00015% SFC trading levy) to expedite the delivery of a portion of the H shares to the subscribers who have agreed to the delay in delivery of the relevant H shares purchased under the global offering.
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