Luxshare Precision Industry (HKG:2475, SHE:002475) said the over-allotment option of its Hong Kong initial public offering was partially exercised on Wednesday, according to a same-day Hong Kong bourse filing.
The electronic components maker expects to raise about HK$788.8 million in additional net proceeds.
The exercise involved the issue of 12.5 million additional H shares at HK$63.28 each, representing about 3.3% of the total offer shares initially available under the global offering.
Dealings in the over-allotment shares are expected to begin on Aug. 10, the filing said.
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