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2026-04-20 09:43:06 Xizhi Technology-P (01879.HK) began its public offering today (20th), with a global offering of approximately 13.7952 million shares, including about 689,800 shares for the Hong Kong offering. The offer price ranges from HKD166.6 to HKD183.2 per share, with a board lot of 15 shares. The entry fee is HKD2,775.71. The subscription period will run until Thursday (23rd), and the shares are expected to be listed next Tuesday (28th). Joint sponsors include CICC and Guotai Haitong. Assuming the over-allotment option is not exercised and an offer price of HKD174.9 per share, the company expects to receive net proceeds of approximately HKD2.267 billion from the global offering. Of this, about 70% will be used over the next five years for research and development, including the continued development of optical interconnection hardware and solutions, as well as optical computing products; about 20% will be allocated to commercialization efforts; and about 10% will be used for working capital and general corporate purposes. The company has introduced cornerstone investors subscribing for shares worth HKD1.644 billion, including Alibaba Investment under Alibaba (09988.HK), Singapore sovereign wealth fund GIC, BlackRock (BLK.US), Fidelity International, Temasek, Jinglin Asset Management, Shanghai China Mobile Fund, UBS Asset Management, GF Fund Management, Lenovo (00992.HK), ZTE (Hong Kong), and Ping An Asset Management, among others. (ss/W)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |