China Resources Beverage (02460) announced that the stabilized price period for the global offering has ended in 2024...
According to Zhitong Finance APP, China Resources Beverage (02460) announced that the stabilization price period for the global offering ended on November 17, 2024 (Sunday), which is the 30th day after the application deadline for the Hong Kong public offering. The stabilization price operator, UBS AG Hong Kong Branch, or its affiliates, or any person acting on their behalf, conducted the following stabilization price actions during the stabilization price period:
(1) A total of 52.1738 million shares were allocated in the international offering, accounting for about 15.00% of the total shares available for subscription under the global offering before any excess subscription rights were exercised;
(2) The stabilization price operator, UBS AG Hong Kong Branch, borrowed a total of 52.1738 million shares from China Resources (Beverage) Group Limited under a stock borrowing agreement to cover the excess allocation in the international offering;
(3) During the stabilization price period, a total of 1.8034 million shares were continuously purchased in the market at prices ranging from 14.20 HKD to 14.50 HKD per share. The last purchase date by the stabilization price operator or any person acting on their behalf in the market during the stabilization price period was November 12, 2024 (Tuesday), at a price of 14.50 HKD per share;
(4) The overall coordinator (for itself and on behalf of the international underwriters) partially exercised the excess subscription rights on November 12, 2024 (Tuesday) for a total of 50.3704 million shares at a price of 14.50 HKD per share, to facilitate the return of a part of the 52.1738 million borrowed shares used to cover the excess allocation in the international offering under the stock borrowing agreement to China Resources (Beverage) Group Limited.
During the stabilization price period, the stabilization price operator did not sell any shares in the market for stabilization purposes.