CXMT: Initial Public Offering Over-Allotment Option Fully Exercised
Source：
static.sse.com.cn
ChangXin Technology announced that the over-allotment option for its initial public offering and listing on the STAR Market has been fully exercised, corresponding to an additional issuance of 1.003 billion shares and increasing the total share capital to 67.884 billion shares. Since the stock price remained above the issue price of RMB 8.66 per share throughout the exercise period, CICC, acting as the authorized joint lead underwriter for this offering, did not utilize the proceeds from the over-allotment to purchase the offered shares via order-driven trading in the secondary market.
