WISE LIVING TEC's Hong Kong public offering and international offering were both moderately oversubscribed, with a per-share price of HKD 3.6.

Zhitong
2023.07.06 22:47
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WISE LIVING TEC announced that the offering price has been set at HKD 3.60 per share. Based on this offering price, after deducting underwriting fees, commissions, and estimated expenses for the global offering, the company is expected to receive a net proceeds of approximately HKD 187.5 million. As there is no oversubscription of international offering shares, the oversubscription rights will not be exercised, and the company is not expected to receive any additional proceeds. The preliminary offering of Hong Kong offering shares under the public offering in Hong Kong has received moderate oversubscription. A total of 1,373 valid applications were received, subscribing for a total of 11.619 million shares of Hong Kong offering shares, equivalent to approximately 1.54 times the total number of 7.56 million Hong Kong offering shares available for subscription under the preliminary offering of the public offering in Hong Kong. As the oversubscription of the public offering in Hong Kong is less than 15 times the total number of Hong Kong offering shares available for subscription under the preliminary offering, no reallocation procedure has been conducted. The final number of offering shares under the public offering in Hong Kong is 7.56 million shares, accounting for 10% of the total number of Hong Kong offering shares available for subscription under the preliminary offering of the global offering, and has been allocated to 1,373 successful applicants under the public offering in Hong Kong. The preliminary offering of offering shares under the international offering has received a slight oversubscription, equivalent to approximately 1.35 times the total number of offering shares available for subscription under the preliminary offering of the international offering.