Longsys (09976.HK): Global offering of 26.0778 million H shares at maximum offer price of HKD 240.60, expected to list on 8 September

NewTimeSpace News: On 31 August 2026, Shenzhen Longsys Electronics Co., Ltd. (stock code: 09976) announced a global offering of an aggregate of 26,077,800 H shares, comprising 2,607,800 H shares under the Hong Kong public offering (initially representing approximately 10.0% of the total offer shares available under the global offering) and 23,470,000 H shares under the international offering (initially representing approximately 90.0%).

According to the announcement, the maximum offer price is HKD 240.60 per H share, and the par value of each H share is RMB 1.00. Each board lot consists of 50 H shares, with an entry fee of approximately HKD 12,151.32 per board lot (calculated at the maximum offer price).

In terms of the timetable, the Hong Kong public offering opens at 9:00 a.m. on 31 August 2026 and closes at 12:00 noon on 3 September 2026; the expected pricing date is by 12:00 noon on 4 September 2026 (Friday); the final offer price and application results will be announced by no later than 11:00 p.m. on 7 September 2026 (Monday); and the H shares are expected to commence trading on the Stock Exchange at 9:00 a.m. on 8 September 2026 (Tuesday). The stabilising manager is CLSA Limited, and the stabilising period will end on 3 October 2026.

According to the list of cornerstone investors attached to the announcement, a total of 15 cornerstone investors have been introduced, with an aggregate subscription of approximately 4,926,050 shares, representing approximately 18.89% of the total offer shares and approximately 1.08% of the issued shares assuming the offer size adjustment option is not exercised (approximately 16.43% and 1.07% respectively if it is exercised).

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