Shenzhen HQVT (01392.HK) Launches Global Offering at HK$7.20 per Share, Expected to List on June 22

Newtimespace (newtimespace.com) reports that Shenzhen HQVT Technology Co., Ltd. (1392.HK) announced that the global offering comprises 85,162,500 H shares, including 8,516,500 H shares under the Hong Kong public offering (subject to reallocation) and 76,646,000 H shares under the international placing (subject to reallocation). The offer price is HK$7.20 per offer share, plus 1.0% brokerage commission, 0.0027% SFC transaction levy, 0.00565% Stock Exchange trading fee and 0.00015% AFRC transaction levy (payable in full in Hong Kong dollars upon application, with surplus application monies refundable). The H shares will be traded in board lots of 500 H shares each, and the stock code will be 1392.

The global offering consists of an initial Hong Kong public offering of 8,516,500 H shares (subject to reallocation), representing approximately 10% of the total number of offer shares initially available under the global offering; and an initial international placing of 76,646,000 H shares (subject to reallocation), representing approximately 90% of the total number of offer shares initially available under the global offering. Pursuant to the prospectus, the allocation of offer shares between the Hong Kong public offering and the international placing will be subject to reallocation. A maximum of 4,257,500 offer shares may be reallocated from the international placing to the Hong Kong public offering, increasing the total number of offer shares available under the Hong Kong public offering to 12,774,000 offer shares, representing approximately 15% of the total number of offer shares initially available under the global offering.

The Hong Kong public offering will commence at 9:00 a.m. on Thursday, June 11, 2026. The deadline for completing electronic applications through the White Form eIPO service is 11:30 a.m. on Tuesday, June 16, 2026. The deadline for submitting electronic application instructions to HKSCC is 12:00 noon on Tuesday, June 16, 2026. The deadline for completing payment of White Form eIPO applications by internet banking transfer or PPS transfer is 12:00 noon on Tuesday, June 16, 2026.

The Company expects to publish the results of the level of applications in the Hong Kong public offering, the level of indications of interest in the international placing, and the basis of allocation of the Hong Kong offer shares on the websites of the Stock Exchange and the Company no later than 11:00 p.m. on Thursday, June 18, 2026. H share certificates in respect of wholly or partially successful applications are expected to be despatched or deposited into CCASS on or before Thursday, June 18, 2026. e-Auto Refund payment instructions/refund cheques in respect of wholly or partially unsuccessful applications are expected to be despatched on or before Monday, June 22, 2026. Dealings in the H shares on the Stock Exchange are expected to commence at 9:00 a.m. on Monday, June 22, 2026.

The Company has adopted a fully electronic application process for the Hong Kong public offering and will not provide any printed copies of the prospectus to the public. Applicants may apply for Hong Kong offer shares through the White Form eIPO service at www.hkeipo.hk or through the HKSCC EIPO channel. Applicants must apply for a minimum of 500 Hong Kong offer shares and in multiples of the number of Hong Kong offer shares set out in the table.