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Minieye Technology Announces Partial Exercise of Over-Allotment Option and Stabilization Period Conclusion

Story Highlights
  • Minieye partially exercised its Over-allotment Option, issuing 756,400 H Shares.
  • The stabilization period for Minieye’s Global Offering has ended, managed by CLSA Limited.
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Minieye Technology Announces Partial Exercise of Over-Allotment Option and Stabilization Period Conclusion

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An announcement from Minieye Technology Co., Ltd. Class H ( (HK:2431) ) is now available.

Minieye Technology Co., Ltd announced the partial exercise of the Over-allotment Option as part of its Global Offering, resulting in the issuance of 756,400 H Shares at HK$17.00 per share. This move, representing approximately 1.93% of the initial Offer Shares, aims to facilitate the delivery of shares to certain placees. Additionally, the stabilization period for the Global Offering has concluded, with CLSA Limited managing the stabilizing actions.

More about Minieye Technology Co., Ltd. Class H

Minieye Technology Co., Ltd is a joint stock company incorporated in the People’s Republic of China, primarily operating in the technology sector. The company focuses on providing advanced technology solutions, although specific products or market focus details are not mentioned in the announcement.

YTD Price Performance: -5.49%

Average Trading Volume: 825,406

See more data about 2431 stock on TipRanks’ Stock Analysis page.

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