BEFAR GROUP's Hong Kong Public Offering Oversubscribed by Over 227 Times, Global Offering Raises Approximately HK$1.16 Billion

Stock News07-09

BEFAR GROUP has announced the allotment results for its global offering. The company issued a total of 352 million H shares globally, with the Hong Kong public offering portion accounting for 10% and the international offering portion accounting for 90%. The final offer price has been set at HK$3.48 per share. The net proceeds from the global offering are expected to be approximately HK$1.16 billion. Each board lot consists of 1,000 H shares. The H shares are scheduled to commence trading on the Stock Exchange at 9:00 a.m. on Friday, July 10, 2026.

The Hong Kong public offering segment was significantly oversubscribed, receiving applications for approximately 227.58 times the number of shares initially available. The international offering portion was also oversubscribed, by approximately 4.26 times.

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