In the "New Shares," CNGR's public offering was oversubscribed nearly 270 times, with a one-hand winning rate of 10%

AASTOCKS
2025.11.16 11:45

CNGR (02579.HK) announced the results of its IPO, with the Hong Kong public offering receiving 27.90 times subscription, and a 10% chance of winning for one board lot (200 shares), with subscriptions of 5,000 shares guaranteed to receive one board lot. The international offering recorded 4.08 times subscription. The final offer price is HKD 34, which is the lower limit, raising a net amount of HKD 3.433 billion. Shares are expected to be listed on Monday (17th).

The new energy battery materials company CNGR plans to globally offer 104 million H shares, with the public offering accounting for 10%. The offer price ranges from HKD 34 to HKD 37.8. Nine cornerstone investors, including Guizhou New Industrialization Fund, Lens Technology (06613.HK) subsidiary Lens Hong Kong, Zhongchuang Xinhang (03931.HK), Dongsheng Xianxing Technology, Guotai Junan Securities Investment (Hong Kong), North Rock Fund, and Xinwangda Electronics (300207.SZ), collectively subscribed for 48.596 million shares, accounting for 46.63% of the total offering. The final date for the lock-up commitment is May 15, 2026

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