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On June 17, SG Micro Corp. formally initiated its global offering of H shares, with plans to issue a total of 54,001,200 shares. This allocation includes 5,400,200 shares earmarked for the Hong Kong public offering and 48,601,000 shares designated for the international offering. The price per share for this offering has been capped at no more than HK$85.20, with the anticipated total financing amount not exceeding HK$4.6 billion. The Hong Kong public offering kicked off on June 17 and is scheduled to conclude on June 23. Following this, the shares are expected to commence listing and trading activities on the Hong Kong Stock Exchange on June 26. Notably, CICC and Huatai International have been appointed as the joint sponsors for this significant financial endeavor.
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