<IPO>JIAXIN INTL RES (03858.HK) Public Offering Oversubscribed by 2,040x; One-lot Success Rate 1%
JIAXIN INTL RES (03858.HK) announced the results of its IPO, revealing that the Hong Kong public ...
JIAXIN INTL RES (03858.HK) announced the results of its IPO, revealing that the Hong Kong public offering received 2,041.62 times of subscription. One-lot (400 shares) success rate was 1%, and no clawback mechanism was triggered. The international offering was 21.11 times subscribed. The shares were expected to list on Thursday (28th).
Kazakhstan tungsten mining company JIAXIN INTL RES planned to globally offer 109.8 million shares, with 10% allocated to the Hong Kong public offering. The offer price was HKD10.92, and the IPO would raise net proceeds of HKD1.088 billion.
Seven cornerstone investors, including CHINA CINDA (01359.HK) , GF Fund, GF International Investment Management, and Zhengxin, collectively subscribed for 54.9044 million shares, accounting for 50% of the total offering.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-08-27 16:25.)
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