Gelonghui, April 5, 丨 Hongji Group (02535.HK) announced that the stable price period for the share sale ended on April 4, 2024 (Thursday) (that is, the 30th day after the deadline for submitting applications for public sale).
Since there was no overallocation of shares to the assignee based on the placement, the overall coordinator (for itself and the proxy underwriter) did not exercise the right to over-allocate shares, and the price stabilizer operator, its affiliates, or any person acting on its behalf did not take any price stabilizing action with respect to the share sale during the price stabilization period. The over-allotment rights expired on April 4, 2024 (Thursday). As a result, the company did not issue or will issue shares based on over-allotment rights.
The directors confirmed that immediately after the end of the price stabilization period, the company complied with and continues to comply with the public shareholding requirement of section 8.08 (1) (a) of the listing rules, which states that at least 25% of the total number of issued shares of the company must always be held by the public.