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Zhongji InnoLight Nets HK$7.9 Billion From Full Exercise of Hong Kong IPO Overallotment

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Zhongji Innolight (HKG:3308, SHE:300308) said the over-allotment option for its Hong Kong initial public offering was fully exercised on Wednesday, according to a same-day filing with the Hong Kong bourse.

The company expects to raise about HK$7.9 billion in additional net proceeds.

The exercise involved the issue of 8.2 million additional H shares at HK$980 each, representing 15% of the total offer shares initially available under the global offering.

Dealings in the over-allotment shares are expected to begin on Aug. 31, the filing said.

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