Tongrentangcare's Hong Kong IPO Oversubscribed by Over 250 Times, Net Proceeds of Approximately HK$532 Million

Stock News07-06

Tongrentangcare (HKEX: 02667) has announced the allocation results for its global offering. The company issued a total of 108 million H shares, with the Hong Kong public offering portion accounting for 10% and the international offering making up the remaining 90%. The final offer price has been set at HK$5.50 per share. The net proceeds from the global offering are expected to be approximately HK$532 million. Each board lot consists of 500 shares. Trading of the H shares on the Stock Exchange is expected to commence at 9:00 a.m. (Hong Kong time) on Tuesday, July 7, 2026.

The Hong Kong public offering portion was significantly oversubscribed, receiving applications for approximately 251.74 times the number of shares initially available. Meanwhile, the international offering was also oversubscribed, by approximately 2.84 times.

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