Summary by Futu AI
Jihai Resources Group Limited (“Jihai Resources”) announced that the stable price period for its global offering ended on 18 January 2024 and confirmed that no excess allocation of shares in the international offering has therefore not been exercised. The company also stated that no price stabilization actions were taken during the period of price stability. At the end of the price stability period, Seabee Resources complies with the requirements of section 8.08 (1) (a) of Listing Rules on the amount of shares held by the public, ensuring that at least 25% of the issued shares are held by the public. This announcement was made on 19 January 2024 by Chairman, Chief Executive Officer and Executive Director of Jihai Resources Shao Xin.