Zhou Liu Fu Jewellery (HKG:6168) said the stabilization period for its Hong Kong public offering ended July 23, with the full exercise of the overallotment option, according to a Wednesday bourse filing.

The underwriters exercised the option in full, subscribing for 8.07 million Hong Kong shares at HK$24 each to cover earlier over-allocations in the international tranche.

No market purchases were made during the stabilization period.

The move brings total IPO proceeds up by HK$187.27 million, which will be used in line with plans outlined in the prospectus.

The company's public float now stands at about 18.2% of issued share capital, in compliance with a waiver granted by the Hong Kong bourse.