DENGLIN TECH-P (09917.HK): final offer price set at HK$231.00 per share, Hong Kong public offer 2.11 times subscribed, listing tomorrow

NewTimeSpace News: On 9 November 2026, Suzhou Denglin Technology Co., Ltd. (09917) published its announcement of final offer price and allotment results. The final offer price under the global offering has been set at HK$231.00 per H share (plus 1.0% brokerage fee, 0.0027% SFC transaction levy, 0.00565% Stock Exchange trading fee and 0.00015% AFRC transaction levy), at the bottom of the offer price range of HK$231.00 to HK$288.00 set out in the prospectus. The H shares are expected to commence trading on the Main Board of the Stock Exchange on 10 November 2026 under the stock short name "DENGLIN TECH-P".

The number of offer shares under the global offering is 6,125,000 H shares, comprising 306,250 H shares under the Hong Kong public offer (5.00%) and 5,818,750 H shares under the international offering (95.00%). The Hong Kong public offer received 3,809 valid applications, all of which were accepted, representing a subscription level of 2.11 times, and the clawback mechanism was not triggered. The international offering had 37 placees and was 1.34 times subscribed. There is an over-allocation of 612,500 H shares, which may be covered by exercising the over-allotment option, by purchases in the secondary market at prices not exceeding the offer price, by deferred settlement or by a combination of the foregoing. Gross proceeds amounted to HK$1,414.9 million; after deducting estimated listing expenses of HK$102.5 million calculated at the final offer price, net proceeds were HK$1,312.4 million.

Cornerstone investors were allotted an aggregate of 2,798,025 H shares, representing 45.68% of the offer shares, comprising Huayuan Management Consulting (Hong Kong) Limited with 1,516,450 shares (24.76%), Jutian Investment Limited with 1,000,875 shares (16.34%), Suzhou Zhongfang Caituan Holding Co., Ltd. with 151,625 shares (2.48%), ZGD Capital Investments Pte. Ltd. with 67,925 shares (1.11%) and Everbright Wealth Management Co., Ltd. with 61,150 shares (1.00%). The number of shares in issue upon listing is 60,827,518 shares, comprising 60,708,999 H shares and 118,519 non-listed shares. The stabilising period begins on the listing date and is expected to expire on 5 December 2026.