JIAXIN INTL RES (03858) announced that the price stabilization period for the global offering concluded on September 24, 2025 (being the 30th day after the deadline for submitting applications under the Hong Kong Public Offering). The price stabilization actions undertaken by China International Capital Corporation Hong Kong Securities Limited (the Stabilization Agent), its affiliates, or any person acting on their behalf during the price stabilization period are set out as follows: (1) Over-allocation of an aggregate of 16.4712 million shares in the international offering, representing approximately 15% of the total number of offer shares initially available for subscription under the global offering (before any exercise of the over-allotment option), with such shares covered by 16.4712 million shares borrowed by China International Capital Corporation Hong Kong Securities Limited (the Stabilization Agent) or its affiliates under the stock borrowing agreement; (2) The sole representative (for itself and on behalf of the other international underwriters) exercised the over-allotment option in full on August 28, 2025, involving an aggregate of 16.4712 million shares at HK$10.92 per share, which were used to return to Hengzhao the 16.4712 million shares borrowed by China International Capital Corporation Hong Kong Securities Limited (the Stabilization Agent) or its affiliates under the stock borrowing agreement. During the price stabilization period, the Stabilization Agent did not purchase or sell any shares in the market to stabilize the price.
Comments