DSBJ (02384.HK): HK offer closes, max price HK$93.8, net proceeds HK$10.52bn, listing Oct 28

NewTimeSpace News: On October 23, 2026, the H-share public offering of Suzhou Dongshan Precision Manufacturing Co., Ltd (DSBJ, 002384.SZ; 02384.HK) closed, with the shares expected to be listed on the Main Board of the Stock Exchange of Hong Kong on October 28. UBS, GF Capital (Hong Kong), Haitong International Capital and CITIC Securities (Hong Kong) are joint sponsors.

According to the prospectus, the company is offering about 114 million H shares globally, comprising 11.3784 million Hong Kong offer shares (10%) and about 102 million international offer shares (90%), with a board lot of 100 shares and an entry fee of HK$9,474.59. At the maximum offer price of HK$93.80 per share, gross proceeds are about HK$10.673 billion and net proceeds about HK$10.517 billion after listing expenses, with the offer representing about 5.85% of the 1.945 billion shares in issue after listing. Broker margin statistics showed that, as of 11:17 a.m. on October 23, 10 brokers had recorded about HK$418 million of margin financing, equivalent to 0.39 times the HK$1.067 billion public offer size.

About 64.5% (HK$6.78 billion) will be used to build new facilities and upgrade existing production facilities and lines; about 20.0% (HK$2.10 billion) for potential strategic investments or acquisitions to consolidate the technological and market leadership of its core businesses; about 5.5% (HK$578 million) to repay part of its existing debt; and about 10.0% (HK$1.05 billion) for working capital and general corporate purposes.