-- Guangdong Huayan Robotics (HKG:1021) said its underwriters partially exercised the overallotment option of its Hong Kong listing, and the stabilization period of its initial public offering ended on Friday, April 24, according to a Sunday filing with the Hong Kong bourse.
The Chinese robotics company issued nearly 13.5 million H shares at HK$17 apiece for additional net proceeds of HK$220.7 million.
The overallotment option was exercised after around 13.9 million H shares were over-allocated in the international portion of the IPO.
A further 466,200 H shares were purchased from the market during the stabilization period.
The number of shares held by the public after the exercise of the overallotment option complied with Hong Kong's listing requirements, Huayan Robotics said.