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Shanghai Biren Updates Articles to Reflect Capital Increase After Over-allotment Option Exercise

Story Highlights
  • Shanghai Biren amended its articles to reflect higher registered capital and total shares after fully exercising the H-share over-allotment option.
  • Post-adjustment, the company confirms a clarified ownership mix of domestic and overseas-listed shares, aligning its capital structure with post-listing investor and regulatory expectations.
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Shanghai Biren Updates Articles to Reflect Capital Increase After Over-allotment Option Exercise

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Shanghai Biren Technology Co., Ltd. Class H ( (HK:6082) ) has provided an announcement.

Shanghai Biren Technology has amended its articles of association to reflect changes in its registered share capital and shareholding structure following the full exercise of the over-allotment option under its global offering of H shares. After issuing an additional 42,726,800 H shares, the company’s registered capital increased to RMB48,777,170 and its total share count rose to 2,438,858,500 shares, with 1,238,013,076 domestic unlisted shares and 1,200,845,424 overseas-listed shares, representing 50.76% and 49.24% of total ordinary shares respectively; the updated articles also formally record the conversion of 873,272,024 domestic unlisted shares held by 57 shareholders into overseas-listed shares, clarifying the company’s post-listing ownership structure for investors and regulators.

More about Shanghai Biren Technology Co., Ltd. Class H

Shanghai Biren Technology Co., Ltd. is a People’s Republic of China-incorporated joint stock company whose H shares are listed on the Hong Kong Stock Exchange. The company has both domestic unlisted shares and overseas-listed shares, and its capital structure is subject to Hong Kong listing rules and regulatory filings with the China Securities Regulatory Commission.

Average Trading Volume: 18,281,458

Current Market Cap: HK$83.39B

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