Dahon Tech (Shenzhen) Co. Ltd. Announces Partial Exercise of Over-Allotment Option in Secondary Offering, Raising Additional Funds
Reuters
Oct 05
Dahon Tech (Shenzhen) Co. Ltd. Announces Partial Exercise of Over-Allotment Option in Secondary Offering, Raising Additional Funds
Dahon Tech (Shenzhen) Co. Ltd. has announced the partial exercise of its over-allotment option related to its recent offering. The company will issue and allot an additional 1,121,000 H Shares at HK$49.50 per share, representing approximately 14.15% of the initial offer size. This move follows the company's global offering and is part of its ongoing efforts to enhance liquidity and broaden its investor base. The transaction was coordinated by the sole overall coordinator on behalf of the international underwriters. Dahon Tech confirmed that the number of H Shares in public hands continues to exceed the required minimum public float.
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