Lung Fung Group (ASX: 02290) has announced the allotment results for its initial public offering. The company is issuing a total of 125 million shares globally, with 10% allocated to the Hong Kong public offering and 90% to the international offering. The final offer price has been set at HK$5.18 per share. The global offering is expected to raise net proceeds of approximately HK$599.6 million.

Each board lot will consist of 500 shares. The company's shares are scheduled to commence trading on the Stock Exchange at 9:00 a.m. on Friday, June 5, 2026.

The Hong Kong public offering portion was significantly oversubscribed, receiving applications for approximately 664.92 times the number of shares available. The international offering was also oversubscribed, receiving applications for about 3.18 times the shares offered.