XINDE SEMI (07672.HK): Global Offering of 106.56m H Shares at HK$9.60 Each

NewTimeSpace News: On 30 October 2026, Jiangsu Xinde Semiconductor Technology Co., Ltd. (stock code: 7672) published its global offering announcement for 106,562,500 H shares at a maximum price of HK$9.60 per H share, plus a 1.0% brokerage fee, a 0.0027% SFC transaction levy, a 0.00565% Stock Exchange trading fee and a 0.00015% AFRC transaction levy.

The Hong Kong offer comprises 10,656,500 shares (subject to reallocation) and the international offer 95,906,000 shares (subject to reallocation). At the maximum offer price, gross proceeds would be about HK$1,023 million before expenses. The H shares have a nominal value of RMB1.00 each.

If a termination event described in the prospectus occurs before 8:00 am on the listing date, currently expected to be on or around 10 November 2026, the sole sponsor and overall coordinator may terminate the Hong Kong underwriting agreement immediately. The Company also noted that no stabilising manager will be appointed and no stabilisation activities are expected.