Shanghai Zhida Technology Development (02650): Stabilization Period Concludes with No Price-Stabilizing Actions and Over-Allotment Option Lapses
Stock News
Nov 05
Shanghai Zhida Technology Development (02650) announced that the stabilization period for its global offering concluded on Wednesday, November 5, 2025 (the 30th day after the deadline for Hong Kong public offering applications).
As there was no over-allocation of H shares in the international offering, the stabilizing agents (acting for themselves and on behalf of the underwriters) did not exercise the over-allotment option. No stabilizing actions were taken by the stabilizing agents, their affiliates, or any parties acting on their behalf during the stabilization period.
The over-allotment option lapsed on Wednesday, November 5, 2025. Consequently, no additional H shares have been or will be issued by the company under the over-allotment option.
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