Fanyuan International (02516) announced the allotment results. The company sold 140 million shares globally, accounting for 10% of the public offering and 90% of the placement. The final sale price was HK$0.9 per share, with a net raise of HK$66.89 million from the global sale. With 4,000 shares per lot, it is expected that trading of shares will begin on the Stock Exchange at 9:00 a.m. on December 22, 2023 (Friday).
Among them, the public sale was subscribed 14.49 times, and the placement was 1.04 times subscribed.