"New Shares" USAS BUILDING public offering oversubscribed 145.25 times, one lot winning rate 0.75%

AASTOCKS
2025.12.29 16:42

USAS BUILDING (02671.HK) announced the results of its IPO, with the Hong Kong public offering receiving 146.25 times subscription, a winning rate of 0.75% for one board lot (300 shares), and a subscription of 60,000 shares securing one board lot. The international offering recorded 1.48 times subscription. The final offer price is HKD 7.1, which is the lower limit of the price range, raising a net amount of HKD 140 million. The shares are expected to be listed on Tuesday (30th).

Chinese prefabricated steel structure builder USAS BUILDING plans to globally offer 24.6 million shares, with 10% allocated for public offering. The offer price ranges from HKD 7.1 to HKD 9.16. Four cornerstone investors, including Caiyun Holdings, Tiny Jade, Wu Xinghua, and Logic Selective, subscribed for a total of 7.2528 million shares, accounting for 29.48% of the total offering. The final date for the lock-up commitment is June 29, 2026

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