Shenzhen Han’s CNC Technology Co., Ltd. (“Han’s CNC,” stock code 3200) published its final offer price and allotment results in a recent announcement. According to the document, the Hong Kong Exchanges and Clearing Limited, the Stock Exchange of Hong Kong Limited, and Hong Kong Securities Clearing Company Limited make no representations or warranties as to the accuracy or completeness of the contents of the announcement and disclaim all liability for any losses arising from reliance on its contents.
The final offer price for the Global Offering is set at HK$95.80 per H Share, plus applicable brokerage, levies, and fees. A total of 50,451,800 H Shares are offered under the Global Offering (subject to the Over-allotment Option), with 5,045,200 H Shares allocated to the Hong Kong Public Offering (10% of the total) and 45,406,600 H Shares allocated to the International Offering (90% of the total). An over-allocation of 7,567,700 H Shares was noted, which may be covered by exercising the Over-allotment Option, purchases in the secondary market at prices not exceeding the offer price, or both.
Gross proceeds from the Global Offering amount to approximately HK$4,833.3 million, with estimated listing expenses of HK$202.6 million. This results in net proceeds of about HK$4,630.7 million. Dealings in the H Shares are expected to commence on the Hong Kong Stock Exchange on February 6, 2026, under the stock code 3200, with an initial board lot size of 100 H Shares each. The number of issued shares upon listing (assuming no exercise of the Over-allotment Option) stands at 475,960,952.
The announcement reveals high subscription levels, including an approximate 446.39 times oversubscription in the Hong Kong Public Offering and 21.07 times in the International Offering. The final allotment arrangements indicate 5,045,200 H Shares have been allocated to successful applicants in the Hong Kong Public Offering and 45,406,600 H Shares in the International Offering. The allocation details, including the presence of cornerstone investors, existing shareholders, and placees who received waivers or consents from certain underwriting and regulatory requirements, are provided in the original source.
The announcement further warns of high shareholding concentration among a small number of shareholders, cautioning that the H Share price could experience significant movement even with a limited number of shares traded. Potential investors are advised to exercise extreme caution when dealing in the H Shares. Various disclaimers clarify that the document does not constitute an offer of securities in the United States or elsewhere and that the relevant securities have not been registered under the U.S. Securities Act.
According to the announcement, the public float requirement has been satisfied, with shares expected to be held by at least 300 shareholders upon listing and no individual placee receiving more than 10% of the enlarged issued share capital. Several connected parties and existing shareholders participated in the International Offering under waivers or consents granted by the Stock Exchange, ensuring compliance with relevant rules and regulations.
Investors are advised to refer to the complete prospectus dated January 29, 2026, for detailed information regarding the Global Offering, and be aware of the potential risks associated with market fluctuations. Share certificates becoming valid evidence of title is contingent on the Global Offering becoming unconditional and the absence of any exercise of termination rights under the Hong Kong Underwriting Agreement prior to 8:00 a.m. on the proposed listing date. Potential shareholders and investors should review all disclosures and terms outlined in the official announcement and prospectus before making any investment decisions.
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