New Stock News | Yuanxin Energy Storage (09621.HK) public offering reportedly oversubscribed 1,389 times, subscription has closed

According to Zhitong Finance APP, China's integrated energy storage system solutions provider Yuaxin Energy Storage (09621.HK) closed subscription on November 4. Market sources revealed that its public offering portion received subscriptions from 60,000 people, with an oversubscription rate of 1,389 times, involving HK$89.6 billion. The company began its share offering on October 30, planning to issue 57.541 million H shares, with 10% for public offering in Hong Kong, at a price range of HK$8.54 to HK$11.1 per share, raising up to HK$640 million, with a board lot of 500 shares and an entry fee of approximately HK$5,606 per lot. Yuaxin Energy Storage is expected to be listed for trading on November 9, with CMBI as the sole sponsor.