China Financial Leasing (02312) issued an announcement. Since all conditions set out in the underwriting agreement have been met, and the underwriter did not terminate the underwriting agreement before the final termination time limit, the stock offering became unconditional at 4:30 p.m. on February 9, 2024 (Friday).
At 4:00 p.m. on February 7, 2024 (Wednesday), that is the final acceptance period for accepting shares offered and payment of share payments, as well as for applying for additional shares and payment of share payments.
(1) It has received a total of 10 valid acceptance of the provisional quota with provisional quota notices, involving a total of about 135 million shares offered, which is equivalent to about 77.7% of the total number of approximately 173 million shares available for subscription under the offering; and
(2) A total of 4 valid applications for additional shares have been submitted using additional application forms, involving a total of 93.7865 million shares offered, which is equivalent to about 54.1% of the total number of shares offered for subscription based on the offering.
In total, 14 valid admissions and applications have been received in the form of provisional quota notices and additional application forms, involving a total of approximately 228.6 million shares offered, which is equivalent to about 131.8% of the total number of approximately 173 million shares available for subscription under the offering.
According to the above results, the shares offered were oversubscribed by 55.1028 million shares, which is equivalent to about 31.8% of the total number of approximately 173 million shares available for subscription based on the shares offered.
In view of the effective acceptance of the provisional quota submitted with the provisional quota notice mentioned above, approximately 386.837 million shares (equivalent to approximately 173 million shares of about 22.3% of the total number of shares offered) can be subscribed according to an additional application form. This number of additional shares offered was insufficient to meet all valid applications involving a total number of approximately 93.7865 million additional shares submitted on the additional application form.
The total proceeds raised from the stock offering were approximately HK$20.8 million, while the net proceeds from the share offering after deducting expenses were approximately HK$19.4 million.