Shenzhen Han's CNC Technology (HKG:3200, SHE:301200) said the overallotment option in its Hong Kong initial public offering was fully exercised on Thursday, with the issue of 7.6 million additional shares at HK$95.80 each, according to a same-day bourse filing.

The additional shares represent about 15% of the total offer shares available under the global offering before the exercise of the over-allotment option.

The China-based CNC equipment maker expects to raise about HK$706.8 million in additional net proceeds.

Dealings in the over-allotment shares are expected to begin on March 10, the filing said.