Event
Lianxun Instruments plans to issue H shares and list on the Main Board of the Hong Kong Stock Exchange
1 reports · 1 sources
Lianxun Instruments announced that its board of directors has approved a proposal to issue H shares and list on the Main Board of the Hong Kong Stock Exchange. The proposed H share issuance will not exceed 10% of the total share capital after the issuance (before the exercise of the over-allotment option), and an additional number of shares not exceeding 15% of that issuance may be issued pursuant to the over-allotment option. The offering will be conducted by way of a Hong Kong public offering and an international placing, and the proceeds, after deducting issuance expenses, will be used entirely for the company's business development. The relevant proposal is still subject to review by the company's shareholders' meeting.
Report timeline
- Lianxun Instruments: Plans to issue H shares and list on HKEX Main Board
Lianxun Instruments announced that its board of directors approved a proposal to issue H shares and list on the Main Board of the Hong Kong Stock Exchange. The proposed H-share issuance will not exceed 10% of the company's total share capital after issuance (before exercise of the over-allotment option), with an over-allotment option of up to 15% of the number of shares issued. The offering will use a Hong Kong public offering and international placing. Net proceeds after deducting issuance expenses will be used entirely for the company's business development. The proposal still requires approval by the shareholders' meeting.
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