Cngr Advanced Material Co.,Ltd. (300919.SZ) announced the preliminary price range for its H-share global offering, set between HK$34.00 and HK$37.80 per share. The base offering consists of 104,225,400 H-shares, subject to adjustment based on the greenshoe option and over-allotment arrangements.
The Hong Kong public offering portion is initially allocated 10,422,600 shares (approximately 10.00% of the total offering), which may be reallocated. The international offering comprises 93,802,800 shares (around 90.00% of the total offering), also subject to reallocation and over-allotment adjustments.
Within 30 days after the listing date and the closing of the Hong Kong public offering, the stabilizing agent may exercise the over-allotment option, requiring the company to issue up to an additional 15,633,800 H-shares at the offering price. If the over-allotment option is fully exercised, the maximum number of H-shares to be issued would reach 119,859,200.
The Hong Kong public offering will commence on November 7, 2025, and is expected to conclude by November 12, 2025. The final offering price is anticipated to be announced on November 14, 2025.
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