Chongqing Genori Technology Activates Clawback As IPO Gets Oversubscribed

MT Newswires Live

06/18

Chongqing Genori Technology's (SHA:688797) online investors subscribed for 12.4 million shares for 552.2 million yuan following the activation of its share clawback mechanism due to oversubscription of its initial public offering, according to a Thursday filing with the Shanghai bourse.

Institutional offline investors subscribed for 18.6 million shares for 830.3 million yuan.

Sponsor and lead underwriter CITIC Securities (HKG:6030, SHA:600030) underwrote 31,020 shares for 1.4 million yuan.

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