CAMSENSE (06802.HK): Launches Global Offering Today, Cornerstone Investors Subscribe HKD 110 million
- The global offering comprises 11,588,800 H shares, with 1,158,900 Hong Kong offer shares (approximately 10%) and 10,429,900 international offer shares (approximately 90%); the offer price is HKD 58.85 per H share, the board lot is 100 H shares and the maximum entry cost is approximately HKD 5,944.35; the over-allotment option allows up to 1,738,300 additional shares, not exceeding 15% of the total offer shares.
- The two cornerstone investors subscribe for a total of HKD 110.00 million: Golden Link Worldwide Limited subscribes HKD 100 million for 1,699,200 shares (14.66% of the offer shares), and Taiwan Chung Kuang Optoelectronics Co., Ltd. subscribes HKD 10 million for 170,000 shares (1.47%), totalling 1,869,200 offer shares based on the offer price of HKD 58.85.
- Net proceeds of approximately HKD 615.4 million will be applied as to approximately HKD 400.0 million (65.0%) for enhancing research and development capabilities, approximately HKD 153.8 million (25.0%) for upgrading manufacturing capabilities and approximately HKD 61.5 million (10.0%) for working capital and general corporate purposes.
NewTimeSpace News: On 22 September 2026, Shenzhen Camsense Technologies Co., Ltd. (stock code: 06802) launched its global offering of 11,588,800 H shares, comprising 1,158,900 Hong Kong offer shares (subject to reallocation) and 10,429,900 international offer shares (subject to reallocation and the over-allotment option), at an offer price of HKD 58.85 per H share, plus brokerage of 1.0%, an SFC transaction levy of 0.0027%, an AFRC transaction levy of 0.00015% and a Stock Exchange trading fee of 0.00565%. The board lot is 100 H shares, with a maximum entry cost of approximately HKD 5,944.35. The Hong Kong public offering commenced at 9:00 a.m. on 22 September 2026 and closes at 12:00 noon on 25 September 2026.
The cornerstone investors, Golden Link Worldwide Limited and Taiwan Chung Kuang Optoelectronics Co., Ltd., have agreed, subject to certain conditions, to subscribe for offer shares in the aggregate amount of approximately HKD 110.00 million at the offer price. Based on the offer price of HKD 58.85 per share, the cornerstone investors will subscribe for a total of 1,869,200 offer shares. Assuming the over-allotment option is not exercised, the cornerstone shares represent approximately 16.13% of the offer shares and approximately 1.94% of the issued share capital immediately after completion of the global offering; assuming full exercise, the figures are approximately 14.03% and 1.90% respectively.
Assuming the over-allotment option is not exercised and an offer price of HKD 58.85 per share, the Company estimates net proceeds of approximately HKD 615.4 million after deducting underwriting commissions, fees and estimated expenses. Approximately HKD 400.0 million (65.0% of net proceeds) will be used to enhance research and development capabilities, approximately HKD 153.8 million (25.0%) to upgrade manufacturing capabilities, and approximately HKD 61.5 million (10.0%) for working capital and general corporate purposes. The H shares are expected to commence trading on the Stock Exchange at 9:00 a.m. on 30 September 2026.
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