Gelonghui, August 8, 丨 Xirui (02507.HK) announced that the over-allotment rights stated in the prospectus were partially exercised by the exclusive overall coordinator (for itself and on behalf of the international underwriter) on August 8, 2024 (Thursday), involving a total of 149,600 shares, which is equivalent to approximately 0.27% of the total number of shares initially available for subscription under the global offering before any overallotment rights are exercised.
Over-allotted shares will be issued and distributed by the company at a price of HK$27.50 per share (that is, the final sale price of each share under the global offering, excluding 1% brokerage commission, 0.0027% SFC transaction levy, 0.00015% Financial Services Council transaction levy and 0.00565% Stock Exchange transaction fee). The overallotted shares will be used to induce China International Finance Hong Kong Securities Co., Ltd., the price stabilizer operator, to return a portion of the 5,487,600 shares borrowed under the stock loan agreement (to make up for the overallocation under the international offering) to China Airlines Tongfei Hong Kong.
Pursuant to section 9 (2) of the Securities and Futures (Stable Price) Rules, Chapter 571W of the Laws of Hong Kong, the Company announced that the price stability period for the global offering will end on August 8, 2024 (Thursday) (i.e. the 30th day after the deadline for submitting the Hong Kong Public Offer Application).