Shenzhen Xunce Announces End of Stabilization Period After Partial Over-Allotment Option Exercise

Reuters
Jan 23
Shenzhen Xunce Announces End of Stabilization Period After Partial Over-Allotment Option Exercise

The stabilization period for a recent global offering concluded with the stabilizing manager undertaking actions such as over-allocating 3,375,000 H Shares, representing approximately 15% of the total offer shares initially available. Additionally, a partial exercise of the over-allotment option was executed for 194,400 H Shares, about 0.86% of the total offer shares before the over-allotment option was exercised.

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