LIGENT (09856.HK): Lists at HKD 32.96 per Share, HK Public Offer 35.16 Times Subscribed

NewTimeSpace News: On 21 September 2026, Ligent Technologies, Inc. (stock code: 09856) published its allotment results announcement. The number of offer shares under the global offering is 172,014,700 shares (subject to the exercise of the over-allotment option) at an offer price of HKD 32.96 per share.

Of these, the final number of offer shares under the Hong Kong public offering is 17,201,500 shares, representing 10% of the offer shares under the global offering, with a subscription level of 35.16 times, 37,594 valid applications and 13,561 successful applications; the final number of offer shares under the international offering is 154,813,200 shares, representing 90%, with a subscription level of 4.67 times and 192 placees.

Gross proceeds from the global offering amounted to HKD 5,669.6 million, and after deducting estimated listing expenses payable of HKD 224.3 million calculated at the offer price, net proceeds were HKD 5,445.3 million. The number of offer shares subject to over-allocation is 25,802,200 shares, which may be covered by exercising the over-allotment option, by purchasing shares in the secondary market at a price not exceeding the offer price, by deferred delivery, or by a combination of these.

The announcement also set out that cornerstone investors were allocated an aggregate of 80,876,700 offer shares, representing approximately 47.02% of the total offer shares and approximately 8.23% of the Company's total issued share capital following the global offering. For the global offering, CLSA Limited acts as the stabilising manager, and the stabilising period is expected to expire on 17 October 2026.

Assuming the global offering becomes unconditional at or before 8:00 a.m. on 22 September 2026, the shares are expected to commence trading on the Stock Exchange at 9:00 a.m. on 22 September 2026, in board lots of 100 shares, under stock code 9856. The number of shares in issue after listing (before exercise of the over-allotment option) is 982,941,500.

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