Yunnan Jinxun Resources (HKG:3636) raised HK$1.04 billion in net proceeds from its initial public offering in Hong Kong.
The final offer price was set at HK$30.00 per share, according to a Thursday after-market filing with the Hong Kong Stock Exchange.
The non-ferrous metal processing company offered 36.8 million H-shares in the global offering.
The Hong Kong public offer was 143.46 times subscribed, with a final allocation of 3.7 million shares, representing 10% of the total offering.
The international offering was 12.78 times subscribed, with a final allocation of 33.1 million shares, or 90% of the total offering.
An over-allocation of 5.5 million shares was made under the international tranche.
Cornerstone investors, including Glencore International AG, Stoneylake Global Alpha Fund, NR 1 SP, China Asset Management (Hong Kong) Limited, New Asia Ferrell Asset Management, were allotted a combined 15.6 million shares, representing 42.50% of the global offering, according to the filing.
Yunnan Jinxun Resources is scheduled to debut on the Hong Kong bourse on Friday, Jan. 9.
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