Shenzhen Hipine Precision Technology (02583) Prices at Upper Limit, Hong Kong Public Offering Oversubscribed by 2,505.9 Times
Stock News
Sep 29
Shenzhen Hipine Precision Technology (02583) announced its allocation results, with the company conducting a global offering of approximately 10.6 million H-shares. The Hong Kong public offering accounts for 10% of the total, while the international offering comprises 90%. The final offering price was set at HK$29.6 per share, raising net proceeds of approximately HK$269 million from the global offering. With a board lot size of 100 shares, the H-shares are expected to commence trading on the Stock Exchange of Hong Kong at 9:00 AM Hong Kong time on Tuesday, September 30, 2025. The Hong Kong public offering was oversubscribed by 2,505.9 times, while the international offering received 3.9 times oversubscription.
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