The Zhitong Finance App learned that the Green Economy (01315) rose by more than 100% and rose 109.73% at press time to HK$0.237, with a turnover of HK$3 million.

According to the news, the company issued an announcement that all the conditions set out in the stock offering regulations have been met, and the share offering will be unconditional starting April 9, 2024 (Tuesday). At 4:00 p.m. on April 8, 2024 (Monday), the deadline for accepting shares and payment of share payments, as well as applying for additional shares and payment of share payments:

1) It has received effective acceptance of the provisional allotment of shares offered under a total of 3 provisional quota notices, involving a total of 71.8429 million shares, which is equivalent to about 31.93% of the maximum number of shares offered for sale under the share offering of approximately 225 million shares; and 2) It has received valid applications for additional shares under the 2 additional application forms, involving a total of about 100 million shares to be offered for sale, equivalent to about 44.46% of the maximum number of 225 million shares offered for sale under the share offering.

In total, a total of 5 valid acceptances and applications relating to approximately 172 million shares have been received, which is equivalent to about 76.39% of the maximum number of shares offered for sale under the offering of approximately 225 million shares. As a result, approximately 53,123,600 shares of the offering have not been subscribed, which is equivalent to about 23.61% of the maximum number of 225 million shares offered for sale under the offering. The total proceeds raised from the stock offering were approximately HK$27.67 million, while the net proceeds from the stock offering were estimated to be approximately HK$25.97 million.