Gelonghui, April 17, 丨 Migao Group (09879.HK) announced that on April 17, 2024, the over-allotment rights described in the prospectus were partially exercised by GF Securities (Hong Kong) Brokerage Limited (for itself and on behalf of the international underwriter), involving a total of 8,940,000 shares, which is equivalent to approximately 3.97% of the total number of shares initially available for subscription and sale under the global offering before the over-allotment rights were exercised. Over-allotted shares will be allotted and issued by the company at HK$4.08 per share (excluding 1% brokerage commission, 0.0027% SFC transaction levy, 0.00565% Stock Exchange transaction fee and 0.00015% Financial Services Council transaction levy) (i.e. the offering price of each share under the global offering). The over-allotted shares will be used to induce the return of a portion of the 22,500,000 shares borrowed by GF Securities (Hong Kong) Brokerage Limited (price stabilizer) from Migao Holdings Limited under the share loan agreement to cover the overallocation under the international offering.
The price stability period for the global offering ends on April 17, 2024 (Wednesday) (that is, the 30th day from the deadline for submitting applications for public sale in Hong Kong). Price stabilization actions carried out by price stabilization operators, their affiliates or any person acting on their behalf during the price stabilization period are set out in the announcement.