Busy Ming Raises HK$534 Million on Full Exercise of Over-Allotment Option

The latest announcement is out from Busy Ming Group Co., Ltd. Class H ( (HK:1768) ).

Busy Ming Group Co., Ltd. has announced the full exercise of the over-allotment option in its recent global offering, resulting in the issue of 2,326,600 additional H shares at HK$236.60 each. This tranche represents about 15% of the offer shares post size adjustment, and is intended to facilitate delivery to investors who agreed to delayed settlement under the offering.

Following the issuance, Busy Ming’s total share capital will rise to 217,837,800 shares, with H shares issued under the global offering increasing to 17,837,800, and the company confirming it will continue to meet Hong Kong public float requirements. The transaction will generate approximately HK$534 million in additional net proceeds, which the company plans to deploy on a pro rata basis in line with the previously disclosed use-of-proceeds plan, bolstering its funding capacity and signaling solid demand for the stock.

More about Busy Ming Group Co., Ltd. Class H

Busy Ming Group Co., Ltd. is a joint stock company incorporated in the People’s Republic of China with limited liability and listed on the Main Board of the Hong Kong Stock Exchange under stock code 1768. The company issues H shares to international investors and maintains a capital structure comprising domestic unlisted shares and H shares, with a focus on complying with Hong Kong listing and public float requirements.

Average Trading Volume: 1,465,749

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