Lung Fung Group's Hong Kong Public Offering Oversubscribed by Over 664 Times, Net Proceeds from Global Offering Approximately HK$599.6 Million

Stock News06-04 19:50

Lung Fung Group (ASX: 02290) has announced the allotment results for its initial public offering. The company is issuing a total of 125 million shares globally, with 10% allocated to the Hong Kong public offering and 90% to the international offering. The final offer price has been set at HK$5.18 per share. The global offering is expected to raise net proceeds of approximately HK$599.6 million.

Each board lot will consist of 500 shares. The company's shares are scheduled to commence trading on the Stock Exchange at 9:00 a.m. on Friday, June 5, 2026.

The Hong Kong public offering portion was significantly oversubscribed, receiving applications for approximately 664.92 times the number of shares available. The international offering was also oversubscribed, receiving applications for about 3.18 times the shares offered.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1104559860?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-06-04 19:50","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1104559860","market":"sg","top_or_hot":-1,"title":"Lung Fung Group's Hong Kong Public Offering Oversubscribed by Over 664 Times, Net Proceeds from Global Offering Approximately HK$599.6 Million","media":"Stock News","content":"<p><b>Lung Fung Group</b> (<b>ASX: 02290</b>) has announced the allotment results for its initial public offering. The company is issuing a total of 125 million shares globally, with 10% allocated to the Hong Kong public offering and 90% to the international offering. The final offer price has been set at HK$5.18 per share. The global offering is expected to raise net proceeds of approximately HK$599.6 million.<br><br>Each board lot will consist of 500 shares. The company's shares are scheduled to commence trading on the Stock Exchange at 9:00 a.m. on Friday, June 5, 2026.<br><br>The Hong Kong public offering portion was significantly oversubscribed, receiving applications for approximately 664.92 times the number of shares available. The international offering was also oversubscribed, receiving applications for about 3.18 times the shares offered.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Lung Fung Group's Hong Kong Public Offering Oversubscribed by Over 664 Times, Net Proceeds from Global Offering Approximately HK$599.6 Million</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLung Fung Group's Hong Kong Public Offering Oversubscribed by Over 664 Times, Net Proceeds from Global Offering Approximately HK$599.6 Million\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2026-06-04 19:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>Lung Fung Group</b> (<b>ASX: 02290</b>) has announced the allotment results for its initial public offering. The company is issuing a total of 125 million shares globally, with 10% allocated to the Hong Kong public offering and 90% to the international offering. The final offer price has been set at HK$5.18 per share. The global offering is expected to raise net proceeds of approximately HK$599.6 million.<br><br>Each board lot will consist of 500 shares. The company's shares are scheduled to commence trading on the Stock Exchange at 9:00 a.m. on Friday, June 5, 2026.<br><br>The Hong Kong public offering portion was significantly oversubscribed, receiving applications for approximately 664.92 times the number of shares available. The international offering was also oversubscribed, receiving applications for about 3.18 times the shares offered.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"02290","symbol_name":"龙丰集团","start_time":0,"source_url":"","article_id":"1104559860","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1104559860","pubTimestamp":1780573849,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"Lung Fung Group (ASX: 02290) has announced the allotment results for its initial public offering. The company is issuing a total of 125 million shares globally, with 10% allocated to the Hong Kong...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"02290":"龙丰集团"},"translate_title":"龙凤集团香港公开发售超额认购超664倍，全球发售所得款项净额约599.6百万港元","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"02290":1},"content_text":"Lung Fung Group (ASX: 02290) has announced the allotment results for its initial public offering. The company is issuing a total of 125 million shares globally, with 10% allocated to the Hong Kong public offering and 90% to the international offering. The final offer price has been set at HK$5.18 per share. The global offering is expected to raise net proceeds of approximately HK$599.6 million.Each board lot will consist of 500 shares. The company's shares are scheduled to commence trading on the Stock Exchange at 9:00 a.m. on Friday, June 5, 2026.The Hong Kong public offering portion was significantly oversubscribed, receiving applications for approximately 664.92 times the number of shares available. The international offering was also oversubscribed, receiving applications for about 3.18 times the shares offered.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.43.1","shortVersion":"4.43.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1104559860","isCrawlerRequest":true}