ECO-TRENDS NEWS AGENCY (June 28) - Tongsheng Precision's H-shares (02384) debuted today, opening at HK$82.4, down 5.1% from the offering price of HK$86.8. Based on a board lot of 100 shares and excluding transaction fees, each board lot incurred a loss of HK$440.
Tongsheng Precision announced that the final offering price was set at HK$86.8 per share. The Hong Kong public offering received approximately 4,484 applications, subscribed at 0.52 times, indicating undersubscription. All applicants were allocated their full requested shares, with an allocation rate of 100%. The company was listed on the Hong Kong Stock Exchange at 9:00 a.m. today. Hinrichs' dark pool closed at HK$82, down 5.5% from the offering price, resulting in a paper loss of HK$480 per lot of 100 shares.
The company stated that one applicant applied for the maximum allowable allocation of 600,000 shares and was fully allocated all 600,000 shares, achieving a 100% allocation rate. A total of 5.4729 million shares originally designated for the Hong Kong public offering were reallocated to the international offering, reducing the number of shares available in the Hong Kong public offering to 5.9055 million, representing 5.19% of the total offering. The international offering was oversubscribed by 2.17 times. The group raised approximately HK$9.876 billion through the offering.
Tongsheng Precision announced that the final offering price was set at HK$86.8 per share. The Hong Kong public offering received approximately 4,484 applications, subscribed at 0.52 times, indicating undersubscription. All applicants were allocated their full requested shares, with an allocation rate of 100%. The company was listed on the Hong Kong Stock Exchange at 9:00 a.m. today. Hinrichs' dark pool closed at HK$82, down 5.5% from the offering price, resulting in a paper loss of HK$480 per lot of 100 shares.
The company stated that one applicant applied for the maximum allowable allocation of 600,000 shares and was fully allocated all 600,000 shares, achieving a 100% allocation rate. A total of 5.4729 million shares originally designated for the Hong Kong public offering were reallocated to the international offering, reducing the number of shares available in the Hong Kong public offering to 5.9055 million, representing 5.19% of the total offering. The international offering was oversubscribed by 2.17 times. The group raised approximately HK$9.876 billion through the offering.
