Brief News: MEIG first opened at noon with a slight increase of 0.6%
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MEIG Technology Co., Ltd. was listed in Hong Kong on Tuesday, opening slightly up by 0.6%, closing at HKD 29.04 at noon. The company offered 40.25 million shares, priced at HKD 28.86 per share, raising a net amount of HKD 1.09 billion. The public offering was oversubscribed by 173 times, and the international placement was oversubscribed by 3.5 times. 55% of the proceeds will be used for research and development, 10% for expanding overseas sales, 10% for strategic investments, 15% for repaying bank loans, and 10% for general working capital
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