XunZhong Communications' public offering in Hong Kong was 12.79 times oversubscribed, with a final offer price of HKD 13.55 per share
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XunZhong received 12.79 times subscription in the public offering in Hong Kong, with a final offer price of HKD 13.55 per share. The company globally offered 30.44 million H shares, with 10% allocated to the Hong Kong public offering and 90% to the international offering. The net proceeds from the global offering are approximately HKD 368 million, and the H shares are expected to start trading on the Stock Exchange of Hong Kong on July 9, 2025
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