Cloud English Valley Technology (03310): Fully exercising the over-allotment option.
Cloud English Valley Technology (03310) issued an announcement, the company announced that the sponsor and overall coordinator (acting for itself and on behalf of international underwriters) will fully exercise the oversubscription rights as stated in the prospectus on June 18, 2026 (Thursday), involving a total of 7.9288 million H shares, accounting for approximately 15.0% of the total number of shares available for subscription under the global offering (before the exercise of oversubscription rights).
Yunying Valley Technology (03310) announced that the sponsor and overall coordinator (on behalf of itself and representing the international placing agents) will exercise in full the excess rights issue under the prospectus on June 18, 2026 (Thursday), involving a total of 7.9288 million H shares, representing approximately 15.0% of the total number of shares available for subscription under the global offering (before the exercise of excess rights issue).
The H shares (excess rights issue shares) to be issued as a result of the exercise of excess rights issue will be distributed and issued by the company at a price of HK$20.81 per H share (i.e. the offering price per H share under the global offering, excluding 1% broker commission, 0.0027% Securities and Futures Commission trading fee, 0.00565% Exchange trading fee, and 0.00015% Stock Exchange Trading Fee). The excess rights issue shares will be used to facilitate the delivery of some H shares to the placees, who have agreed to defer the delivery of the H shares they subscribed for under the global offering.
The Stock Exchange has approved the listing and trading of the excess rights issue shares. The excess rights issue shares are expected to commence trading on the Main Board of the Stock Exchange on Wednesday, June 24, 2026 at 9:00 am.
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