WISE LIVING TEC's Hong Kong public offering and international offering were both moderately oversubscribed, with a per-share price of HKD 3.6.
WISE LIVING TEC announced that the offering price has been set at HKD 3.60 per share. Based on this offering price, after deducting underwriting fees, commissions, and estimated expenses for the global offering, the company is expected to receive a net proceeds of approximately HKD 187.5 million. As there is no oversubscription of international offering shares, the oversubscription rights will not be exercised, and the company is not expected to receive any additional proceeds. The preliminary offering of Hong Kong offering shares under the public offering in Hong Kong has received moderate oversubscription. A total of 1,373 valid applications were received, subscribing for a total of 11.619 million shares of Hong Kong offering shares, equivalent to approximately 1.54 times the total number of 7.56 million Hong Kong offering shares available for subscription under the preliminary offering of the public offering in Hong Kong. As the oversubscription of the public offering in Hong Kong is less than 15 times the total number of Hong Kong offering shares available for subscription under the preliminary offering, no reallocation procedure has been conducted. The final number of offering shares under the public offering in Hong Kong is 7.56 million shares, accounting for 10% of the total number of Hong Kong offering shares available for subscription under the preliminary offering of the global offering, and has been allocated to 1,373 successful applicants under the public offering in Hong Kong. The preliminary offering of offering shares under the international offering has received a slight oversubscription, equivalent to approximately 1.35 times the total number of offering shares available for subscription under the preliminary offering of the international offering.
WISE LIVING TEC (02481) has announced that the sale price has been set at HKD 3.60 per share. Based on this sale price, after deducting underwriting fees, commissions, and estimated expenses, the company expects to receive a net amount of approximately HKD 187.5 million from the global offering. As there were no oversubscribed international shares, the oversubscription rights will not be exercised, and the company does not expect to receive any additional proceeds.
The preliminary offering of Hong Kong shares under the public offering has received moderate oversubscription. A total of 1,373 valid applications were received, subscribing for a total of 11.619 million Hong Kong shares, which is approximately 1.54 times the total number of Hong Kong shares available for subscription under the public offering, which is 7.56 million shares.
Since the oversubscription of the public offering in Hong Kong is less than 15 times the total number of Hong Kong shares available for subscription under the public offering, no reallocation procedure has been conducted. The final number of shares offered under the public offering in Hong Kong is 7.56 million shares, accounting for 10% of the total number of shares available for subscription under the global offering, and has been allocated to 1,373 successful applicants under the public offering in Hong Kong.
The offering of shares under the international offering has received a slight oversubscription, which is approximately 1.35 times the total number of shares available for subscription under the international offering. The final number of international shares available for subscription is 68.04 million shares, accounting for 90% of the total number of shares available for subscription under the global offering (as the oversubscription rights will not be exercised). There are 153 underwriters for the international offering. A total of 100 underwriters have been allocated five lots or less of international shares, accounting for approximately 65.36% of the total number of underwriters under the international offering. A total of 96 underwriters have been allocated one lot of international shares, accounting for approximately 62.75% of the total number of underwriters under the international offering.
There are no oversubscribed international shares. Therefore, the oversubscription rights will not be exercised.
Based on the sale price of HKD 3.60 per share, cornerstone investors have agreed to subscribe for a total of 14.823 million H shares, accounting for approximately 19.6% of the shares offered (as the oversubscription rights will not be exercised). After the completion of the global offering, the total number of issued shares will be approximately 4.9% (as the oversubscription rights will not be exercised).