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Anhui Jinyan Kaolin New Materials Co. Ltd. Class H ( (HK:2693) ) just unveiled an update.
Anhui Jinyan Kaolin New Materials Co. Ltd. announced that the price stabilization period following its global offering of H shares has ended, with the stabilizing manager, Guoyuan Securities Brokerage (Hong Kong) Limited, having over-allocated and subsequently repurchased 1,491,500 H shares in the market within a price range of HK$6.19 to HK$7.30 to support trading. The company also reported that the over-allotment option granted to the international underwriters was not exercised and has lapsed, meaning no additional H shares will be issued under that option, leaving the company’s post-listing share capital unchanged and signaling that demand conditions did not warrant an expansion of the offering size.
More about Anhui Jinyan Kaolin New Materials Co. Ltd. Class H
Anhui Jinyan Kaolin New Materials Co. Ltd. is a joint stock company incorporated in the People’s Republic of China, listed in Hong Kong under stock code 2693. The company operates in the new materials sector, focusing on kaolin-based products, with its H shares traded on the Hong Kong Stock Exchange through a global offering structure targeting international and Hong Kong investors.
Average Trading Volume: 1,735,555
For a thorough assessment of 2693 stock, go to TipRanks’ Stock Analysis page.