FINWIRES · TerminalLIVE
FINWIRES

Seer Tech Nets HK$995 Million from Hong Kong IPO Ahead of Debut

By

Shanghai Seer Intelligent Technology (HKG:6106) raised HK$995.4 million in net proceeds from its initial public offering in Hong Kong, according to a Tuesday after-market filing with the Hong Kong Exchange.

The intelligent robotics company priced its IPO at HK$101.60 per share, issuing 10.5 million shares.

The Hong Kong public offering portion of the deal was 5,934.56 times subscribed, triggering a clawback that increased the allocation to 2.09 million shares from the initial 524,900.

The international offering was 21.29 times subscribed, with the final allocation reduced to 8.39 million shares from the initial 9.9 million.

Cornerstone investors were allotted 4.5 million shares, accounting for 43.34% of the IPO shares.

Seer Tech is set to debut on the Hong Kong bourse today, June 24.

Related Articles

Asia

Tetratherix Joint Venture Gets Ethics Approval for Clinical Trial of Hydrogel Spacer in Cancer Treatments

Tetratherix (ASX:TTX) said its Tutelix joint venture received ethics committee approval to launch a clinical trial for hydrogel spacer in Australia, according to a Tuesday filing with the Australian bourse.The Tutelix hydrogel spacer is used during cancer treatments to protect healthy parts of the body from damage.Positive six-month follow-up data confirms an opportunity for the product beyond the prostate cancer program, providing the company with a technical basis to pursue a gynaecological cancer indication, Tetratherix Chief Technology Officer Ali Fathi said.The clinical study has completed enrolment of all 15 patients across multiple Australian sites, per the filing.

ASX:TTX
Asia

Bharat Electronics Bags New Orders Worth INR10.8 Billion

Bharat Electronics (NSE:BEL, BOM:500049) has secured additional orders worth 10.8 billion Indian rupees within one month, according to a filing to the Indian stock exchanges on Monday.Major orders received since May 25 include communication equipment, radars, CBRN protection systems, seekers, avionics, upgrades, spares, and services, among others.

BOM:500049NSE:BEL
Asia

Chasen Secures Solar, EV Contracts in India

Chasen 9 (SGX:5NV) secured around 470 million Indian rupees worth of solar energy and electric vehicle battery contracts in India, according to a Monday filing with the Singapore Exchange.The deals include an electronics manufacturing services contract for specialist relocation services and an integrated solar manufacturing facility contract commissioned at the Reliance Industries' Dhirubhai Ambani Green Energy Giga Complex in Gujarat.

SGX:5NV