GLONGHUI, August 2, 丨China New Consumer Group (08275.HK) announced that at 4:00 p.m. on July 25, 2023, the company had received a total of 203 million shares tentatively distributed under the share offering (equivalent to about 84.5% of the total number of shares sold under the stock offering)One (1) copy is valid admission. As a result, about 84.5% of the shares under the stock offering were subscribed, and 37.3 million shares were not subscribed for the shares offered (equivalent to about 15.5% of the total number of shares offered under the stock offering)Subject to compensation arrangements.
At 4:00 p.m. on July 31, 2023, all 37.3 million unsubscribed shares were successfully placed at HK$0.147 per share under the placement.
It is anticipated that the fully paid shares will be traded on the Stock Exchange starting August 4, 2023.