FINWIRES · TerminalLIVE
FINWIRES

Shenzhen Senior Technology Material Nets HK$1.3 Billion in Hong Kong IPO Ahead of Debut

By

Shenzhen Senior Technology Material (HKG:6067, SHE:300568) raised HK$1.28 billion in net proceeds from its initial public offering in Hong Kong, according to a Monday after-market filing with the Hong Kong Exchange.

The manufacturer of lithium-ion battery separators priced its IPO at HK$8.98 per share, issuing 149.5 million shares in total.

The Hong Kong public offering portion of the deal was 1,563.16 times subscribed, with a final allotment of 14.9 million shares.

The international offering was 14.34 times subscribed, with 134.6 million shares allocated.

Cornerstone investors received 67.5 million shares, representing 45.14% of the IPO shares.

Senior Technology Material is set to debut on the Hong Kong bourse today, June 23.

Related Articles

Asia

MetaOptics Receives Revised SGX Notice for Planned Nasdaq Listing

MetaOptics (SGX:9MT) received a revised listing and quotation notice from the SGX-ST for up to 121.3 million new shares to support its proposed listing on the Nasdaq exchange via American Depository Shares, according to a Friday bourse filing.Shares of the metalens producer were up over 1% in Monday trading.The revised notice will cover 102.4 million shares for the main ADS offering, up to 15.4 million shares for an overallotment option, and up to 3.5 million shares for the exercise of warrants.

SGX:9MT
Asia

Innoax Wins KRW3.48 Billion Samsung Life Insurance Front-End System Enhancement Contract

South Korean software company Innoax (KOSDAQ:296640) secured a contract from Samsung SDS (KRX:018260) to enhance the Samsung Life Insurance front-core system, according to a Monday filing with the Korean Exchange.The contract, valued at 3.48 billion won, is valid till Dec. 21, 2027.Shares of Innoax fell nearly 1% in recent trade.

KOSDAQ:296640KRX:018260
Asia

Hong Fok Repurchases Shares

Hong Fok (SGX:H30) bought back 176,800 shares in the open market on Friday for around SG$169,289, according to a same-day after-market filing with the Singapore Exchange.To date, the property investment company has repurchased nearly 5 million shares under its current buyback program.

SGX:H30