According to Zhitong Finance App News, Duoxiangyun (06696) announced the results of the public sale of 1 share for every 2 existing shares held on the share registration date. The price of each share offered was HK$0.15. All prerequisites for the public sale have been met, and the public sale was completed on Wednesday, April 17, 2024.
The Board of Directors announced on April 12, 2024 that as of 4:00 p.m. on Tuesday, April 9, 2024 (final acceptance and payment deadline for the public sale of shares), a total of 7 valid applications had been received to subscribe for a total of approximately 161 million public sale shares (including 129 million shares subscribed by the committor under an irrevocable undertaking), accounting for approximately 40.35% of the total number of public sale shares available for subscription under the public sale. The remaining 239 million unsubscribed shares (accounting for about 59.65% of the total number of publicly available shares available for subscription under the public offering) are subject to unsubscribed arrangements.
As of 4:00 p.m. on Tuesday, April 16, 2024 (placement end date), the placement agent had placed 1 million unsubscribed shares. As a result, the underwriter subscribed for a total of approximately 238 million unplaced unsubscribed shares in accordance with the terms of the underwriting agreement.
The fully paid shares are expected to be listed and traded on the Stock Exchange at 9:00 a.m. on Monday, April 22, 2024.