China Resources Beverage (02460) announced that the stabilization period for the global offering ended on November 17, 2024 (Sunday), which is the 30th day after the deadline for submitting the public offering application in Hong Kong. The stabilization actions taken by the stabilization agent UBS AG Hong Kong Branch or its affiliates or any person acting on its behalf during the stabilization period are as follows:
(1) An overall allotment of 52.1738 million shares in the international offering, accounting for approximately 15.00% of the total number of shares initially available for subscription under the global offering before the exercise of any over-allotment options;
(2) The stabilization agent UBS AG Hong Kong Branch borrowed a total of 52.1738 million shares from China Resources Group (Beverage) Limited under the borrowing agreement to cover the overallotment in the international offering;
(3) During the stabilization period, a total of 1.8034 million shares were continuously purchased in the market at prices ranging from HKD 14.20 to HKD 14.50 per share. The last purchase made by the stabilization agent or its affiliates or any person acting on its behalf in the market during the stabilization period was on November 12, 2024 (Tuesday), at a price of HKD 14.50 per share;
(4) The overall coordinators (for themselves and on behalf of the international underwriters) partially exercised the over-allotment option on November 12, 2024 (Tuesday) for a total of 50.3704 million shares at a price of HKD 14.50 per share, to facilitate the return of part of the borrowed shares totaling 52.1738 million shares used to cover the overallotment in the international offering under the borrowing agreement to China Resources Group (Beverage) Limited.
During the stabilization price period, the stabilization price operator did not sell any shares in the market for stabilization purposes.