EXCELLAND ROBOTICS (03231.HK): Public offering ends today with margin financing of HKD 4.214 billion, actual oversubscription of over 95 times
NewTimeSpace News: The public offering of Excelland Robotics (Wuxi) Co. Ltd. (stock code: 03231) closed today (4 September 2026), with margin financing totalling HKD 4.214 billion as of 11:51 a.m., against a public offering size of HKD 43.99 million, representing an actual margin financing multiple of 95.79 times.
In respect of the offering mechanism, the Company is listed under Chapter 18C of the Main Board Listing Rules (Specialist Technology Companies mechanism); the offering period ran from 31 August to 4 September 2026, and the listing date is 9 September 2026.
In respect of the offering structure, the Company made a global offering of 45,000,000 shares (representing approximately 10.81% of the enlarged total share capital of 416 million shares), comprising 2,250,000 shares under the Hong Kong public offering (5.00%) and 42,750,000 shares under the international placing (95.00%); the public offering comprised 22,500 board lots of 200 shares each, with an application fee of HKD 3,949.44, and an offer price range of HKD 14.450-19.550 per share.
In respect of the use of proceeds: approximately 48.5% (approximately HKD 332.5 million) will be used to further enhance R&D capabilities to expand the coverage of diverse scenarios across domestic and overseas markets and continue to strengthen technology; approximately 30.0% (approximately HKD 205.7 million) will be used for business expansion and strategic acquisitions; approximately 7.0% (approximately HKD 48.0 million) will be used to enhance sales and marketing capabilities; approximately 4.5% (approximately HKD 30.9 million) will be used for partial repayment of bank loans; and approximately 10% (approximately HKD 68.6 million) will be used for working capital and other general corporate purposes.
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