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Anker Innovations Nets HK$338 Million From Partial Exercise of IPO Over-Allotment Option

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Anker Innovations (HKG:0668, SHE:300866) said the over-allotment option of its Hong Kong initial public offering was partially exercised on Sunday, according to a same-day Hong Kong bourse filing.

The consumer electronics company expects to raise about HK$337.9 million in additional net proceeds.

The exercise involved the issue of 3.44 million additional H-shares at HK$99.32 each, representing about 7.4% of the total offer shares available under the global offering.

Dealings in the over-allotment shares are expected to begin on July 29, the filing said.

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