CloudMinds Technology (03310.HK): Stabilisation Period Concludes, Over-allotment Option Fully Exercised
NewTimeSpace News: On 21 June 2026, CloudMinds Technology (03310.HK) issued an announcement stating that the stabilisation period relating to its global offering concluded on 20 June 2026.
As disclosed in the announcement, China International Capital Corporation Hong Kong Securities Limited, acting as the stabilisation manager, took the following actions during the stabilisation period: an aggregate of 7,928,800 H-shares were over-allocated in the international offering, representing approximately 15.0% of the total number of initially offerable shares under the global offering. The sponsor and global co-ordinator fully exercised the over-allotment option in respect of an aggregate of 7,928,800 H-shares at an exercise price of HK$20.81 per share on 18 June 2026. The stabilisation manager did not purchase or sell any H-shares in the market for stabilisation purposes.
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