Yuejiang (02432.HK) announced the results of its public offering, with 9.25 times subscriptions received for the Hong Kong public offering, and a winning rate of 50% for one lot (200 shares), while subscribing to ten lots secured one lot. The international placement recorded 2.64 times subscriptions. The final offering price is HKD 18.8, which is the lower limit of the price range, raising a net amount of HKD 0.681 billion. The shares are expected to be listed on Monday (23rd).

The cooperative machinery producer Yuejiang is making a Global offering of 40 million shares, with 5% allocated for the Hong Kong offering. The offer price is between HKD 18.8 and HKD 20.8. The joint sponsors are GUOTAI JUNAN I and Agricultural Bank of China International.