New Stock News | China Innovationpay Group Limited (02768) has completed its IPO, with a total subscription amount of 1107.6 billion Hong Kong dollars, oversubscribed by 878 times.

Chinese chemical materials supplier Guoen Technology (02768) conducted an IPO from January 27th to January 30th, with the latest IPO now closed. According to market sources, Guoen Technology has secured a margin loan of 110.76 billion Hong Kong dollars from securities firms, with a public offering fundraising amount of 126 million Hong Kong dollars, oversubscribed by 878 times. Guoen Technology plans to issue 30 million H shares, with 10% allocated for sale in Hong Kong and 90% for international sale, as well as an additional 15% for over-allotment options. The offering price per share is between 34.00 and 42.00 Hong Kong dollars, with a lot size of 200 shares and an entry fee of 8,484.7 Hong Kong dollars, raising a maximum of 1.26 billion Hong Kong dollars. The company expects to be listed for trading on February 4th, with CMSC International as its exclusive sponsor. In this offering, Guoen Technology has attracted 8 cornerstone investors including Legion