--- title: "\"New Shares\" HAIWEI ELEC starts accepting subscriptions today, entry fee is 2,884.8 yuan" type: "News" locale: "en" url: "https://longbridge.com/en/news/266643263.md" description: "HAIWEI ELEC starts its public offering in Hong Kong today, planning to globally issue 30.8314 million H shares at a price of HKD 14.28 per share, raising approximately HKD 440 million. Each lot consists of 200 shares, with an entry fee of HKD 2,884.8. The subscription period lasts until the 25th, with listing expected on the 28th. The net proceeds of HKD 389 million will be allocated as follows: 82% for capacity expansion, 5% for research and development, 3% for sales and marketing, and 10% for working capital. Hui Xing Li Hai is the cornerstone investor, subscribing for over HKD 218 million worth of shares. BYD is a shareholder, holding 3.92%" datetime: "2025-11-20T00:29:27.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/266643263.md) - [en](https://longbridge.com/en/news/266643263.md) - [zh-HK](https://longbridge.com/zh-HK/news/266643263.md) generator: "portal-rs" --- # "New Shares" HAIWEI ELEC starts accepting subscriptions today, entry fee is 2,884.8 yuan Chinese capacitor film manufacturer HAIWEI ELEC (09609.HK) is conducting an IPO in Hong Kong, planning to globally offer 30.8314 million H shares, with approximately 10% (3.0832 million shares) allocated for public offering in Hong Kong and about 90% (27.7482 million shares) for international placement. The offer price is set at HKD 14.28 per share, aiming to raise approximately HKD 440 million. The minimum trading unit is 200 shares, with an entry fee of about HKD 2,884.8. The subscription period runs from today (20th) to next Tuesday (25th), with listing expected on the 28th of this month, and China International Capital Corporation (CICC) serving as the sole sponsor. The net proceeds from the fundraising are approximately HKD 389 million, of which about 82% will be used to expand production capacity, around 5% will be invested in research and development capabilities, about 3% will be allocated for sales and marketing, and the remaining 10% will be used as working capital. This IPO introduces Huixing Lihai as a cornerstone investor, which will subscribe for over HKD 218 million worth of shares, involving approximately 15.129 million shares based on the offer price, accounting for about 49.07% of the shares offered ### Related Stocks - [09609.HK](https://longbridge.com/en/quote/09609.HK.md) ## Related News & Research - [Nvidia Earnings: Wall Street Expects Growth to Slow in Q2 — Dan Niles Says Hyperscalers Are Spending Like Never Before](https://longbridge.com/en/news/296822352.md) - [AMD or Nvidia: Load Up on One AI Chip Stock, but Avoid the Other, Says Investor](https://longbridge.com/en/news/296792383.md) - [Michael Burry Says He 'Flipped' His Alibaba Stock into JD and Won't Be Flipping Back — Hong Kong-Listed Stock Falls Nearly 10% on $10B Raise](https://longbridge.com/en/news/296735167.md) - [Pop Mart grants 137,510 share awards under post-IPO scheme](https://longbridge.com/en/news/296779679.md) - [SoftBank plans $6.29 billion corporate bond issuance amid AI fundraising boom](https://longbridge.com/en/news/296729829.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**