Red Avenue New Materials Group (09607): Hong Kong public offering received 3.39 times subscription, offer price at HK$44 per share
Red Avenue New Materials Group (09607) announced its allotment results. The company globally offered 68,118,700 H shares, with the Hong Kong public offering accounting for 10% and the international offering accounting for 90%. The offer price was HK$44 per share, and the net proceeds from the global offering were HK$2.901 billion. The board lot size is 100 shares, and the H shares are expected to commence trading on the Stock Exchange at 9:00 a.m. on September 29, 2026.
Red Avenue New Materials Group (09607) announced the allotment results. The company globally offered 68,118,700 H shares, with the Hong Kong public offering accounting for 10% and the international offering accounting for 90%. The offer price was HK$44 per share, and the net proceeds from the global offering were HK$2.901 billion. The board lot size is 100 shares, and the H shares are expected to commence trading on the Stock Exchange at 9:00 a.m. on September 29, 2026.
Among these, the Hong Kong public offering was 3.39 times subscribed, and the international offering was 2.75 times subscribed.
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