Dida Inc. (HK:2559) has released an update.
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Dida Inc. has announced the end of the stabilization period related to its Global Offering, which concluded without the exercise of the Over-allotment Option, leaving no additional shares issued. The company’s Global Offering, after the lapse of the Over-allotment Option on July 25, 2024, resulted in gross proceeds of approximately HK$234.55 million. During the stabilization period, a series of market purchases were made to manage the share price, but the expected additional funds from a fully exercised Over-allotment Option were not realized.
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