LONGSYS (09976.HK): H-share global offering 40.32 times subscribed under Hong Kong public offering, listing on 8 September with net proceeds of about HKD 6.80 billion

NewTimeSpace News: On 7 September 2026, Shenzhen Longsys Electronics Co., Ltd. (stock code: 09976) published its allotment results announcement for the global offering, with the company's H shares to commence trading on the Stock Exchange of Hong Kong on 8 September 2026 at a final offer price of HKD 236.00 per share.

Under the Hong Kong public offering, the company received 36,285 valid applications and accepted 10,568 of them, representing a subscription of 40.32 times, which did not trigger the clawback mechanism; the final number of Hong Kong offer shares was 2,607,800, representing 8.70% of the global offering. The international offering attracted 227 placees with a subscription of 3.88 times, and the final number of international offer shares was 27,381,650, representing 91.30% of the global offering.

The global offering comprised 29,989,450 H shares, after taking into account the exercise in full of the offer size adjustment right, under which 3,911,650 additional shares were issued and allotted at the offer price (approximately 15.0% of the offer shares initially offered, allocated to the international offering); there was also an over-allocation of 4,498,400 shares, which may be covered through the exercise of the over-allotment option or other means. Based on the final offer price, gross proceeds amounted to approximately HKD 7,077.5 million and, after deducting estimated listing expenses of HKD 274.3 million, net proceeds of approximately HKD 6,803.2 million.

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