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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.