Summary by Futu AI
DAXION CLOUD HOLDINGS LIMITED (“DOXION CLOUD”) ANNOUNCED ON 12 APRIL 2024 THAT THE RESULTS OF ITS PUBLIC OFFERING SHOWED THAT AS OF 4:00 PM ON 9 APRIL 2024, A TOTAL OF 7 VALID APPLICATIONS HAD BEEN RECEIVED FOR THE SUBSCRIPTION OF APPROXIMATELY 40.35% OF THE PUBLIC OFFERING SHARES, WITH THE REMAINING APPROXIMATELY 59.65% UNSUBSCRIBED. The unsubscribed shares were subscribed by the underwriter Many Idea Liujianhui Limited under the terms of the Subscription Agreement. The IPO is priced at HK$0.15 per share and is expected to be listed on the exchange on 22 April 2024 at 9:00am. After the IPO was completed, the outsourcer's shareholding ratio increased to 36.11%, while the other circulating shareholders' equity ratio was 46.40%, increasing the company's total share capital to 1,200,000,000 shares.