Wheat Sen: Hong Kong IPO priced at HK$212.80, expected to raise HK$4.16 billion.

In an announcement on the Hong Kong Stock Exchange, Hesa-W has confirmed that the final offer price for the international offering and the Hong Kong public offering has been set at HK$212.80 per share. The overallotment option has been exercised, and as a result, the company will issue and allocate an additional 2,550,000 shares at the offer price, representing 15% of the total number of shares initially available for subscription under the global offering. It is estimated that the company will receive a total of HK$416.24 million from the global offering. The net proceeds from the global offering are planned to be used for the following purposes: approximately 50% for research and development investment, approximately 35% for production capacity investment, approximately 5% for business development, and approximately 10% for working capital and general corporate purposes.