On September 21, Red Avenue New Materials unveiled its global share offering plan, involving the issuance of 68.1187 million H-shares. The Hong Kong public offering kicked off at 9:00 AM on the same day, paving the way for an anticipated listing on the Hong Kong Stock Exchange on September 29. The offering price has been set within a range of HKD 39.00 to 44.00 per share. Taking the midpoint of this range, HKD 41.5, as a reference, the company expects to raise approximately HKD 2.706 billion through this offering.
