VGT Shareholder Transfers HK$3.84 Billion in Stock from Guotai Junan to Citibank

Stock News08:15

A significant transfer of shares in VGT (02476) has been recorded. On April 23, a shareholder moved a substantial block of stock from their account at Guotai Junan (Hong Kong) to Citibank. The value of this transferred position was HK$3.84 billion, representing approximately 11.91% of the company's issued share capital.

In a related corporate action, VGT announced that the over-allotment option detailed in its prospectus was fully exercised on Wednesday, April 22. The option was exercised by the sponsor and global coordinator, acting on behalf of the international underwriters. This involved a total of 14.3775 million H shares, which constitutes about 15.0% of the total shares offered in the global sale, following the full exercise of the offering size adjustment option but prior to any over-allotment option exercise.

These additional shares will be issued by the company at a price of HK$209.88 per H share. The proceeds from the issuance of these over-allotted shares are intended to facilitate the delivery of a portion of H shares to placees who agreed to a delayed delivery of the shares they subscribed for in the global offering.

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