Longsys (09976.HK) has announced its intention to conduct a global offering of 26,077,800 H-shares. This offering will comprise 2,607,800 shares specifically allocated for the Hong Kong market and 23,470,000 shares designated for international investors. It's important to note that the final number of shares offered may fluctuate, contingent upon the exercise of the over-allotment option and any potential adjustments to the overall offering size.
The company is set to embark on a period of investor solicitation, which will run from August 31 to September 3. Following this, the pricing of the shares is anticipated to be determined on September 4. Investors should be aware that the offer price per share will not surpass HK$240.60, and the minimum trading lot will consist of 50 shares.
CITIC Securities and Citigroup have been appointed as joint sponsors for this offering. Looking ahead, Longsys expects its H-shares to commence trading on the Stock Exchange of Hong Kong on September 8, marking a significant milestone in the company's growth and development.
