BIREN TECH(06082.HK): Completion of Placing of 153 Million New H-Shares; Net Proceeds of Approximately HK$7.038 Billion Raised
NewTimeSpace News: Shanghai Biren Technology Co., Ltd. (06082.HK) announced on 8 July that the placing of new H-shares under the general mandate has been completed. A total of 153,000,000 placing shares were successfully allotted to no fewer than six placees at a placing price of HK$46.20 per share, generating estimated net proceeds of around HK$7.038 billion after deducting commissions and estimated expenses. The placing shares account for approximately 5.90% of the total enlarged issued share capital, and all placees are independent third parties. The Company’s registered capital and total number of issued shares have been adjusted accordingly.
NewTimeSpace News: Shanghai Biren Technology Co., Ltd. issued an announcement dated 8 July 2026, stating that the Company has completed the placing of new H-shares pursuant to the general mandate. The placing agents have successfully placed an aggregate of 153,000,000 placing shares at a placing price of HK$46.20 per share to no fewer than six placees.
The placing shares represent approximately 12.74% of the issued H-shares and 6.27% of the total issued shares immediately prior to completion. The total gross proceeds from the placing are around HK$7.069 billion, while the net proceeds (after deducting placing commission and estimated expenses) stand at approximately HK$7.038 billion.
Upon completion of the placing, the Company’s total issued shares amount to 2,591,858,500, comprising 1,238,013,076 unlisted shares (47.77%) and 1,353,845,424 H-shares (52.23%). The placees hold 153,000,000 H-shares, equivalent to roughly 5.90% of the total issued share capital. All placees and their respective ultimate beneficial owners are independent third parties, and none of the placees have become substantial shareholders of the Company upon completion.
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