Guodian Technology & Environment Group Corporation Limited (HKG:1296) announced that valid applications were received for a total of 2.884 million Hong Kong public offer shares, representing 1.39% of the total number of 207.858 million Hong Kong public offer shares initially available under the Hong Kong public offering before any exercise of the over-allotment option.
Taking into account all valid confirmation forms received from eligible applicants, the Hong Kong public offer shares initially offered under the Hong Kong public offering were under-subscribed and 204.974 million unsubscribed H shares have been allocated to the international offering.
The stock will be listed tomorrow morning.
The H shares offered under the international offering have been moderately over-subscribed. Taking into account the reallocation of 204.974 million unsubscribed offer shares under the Hong Kong public offering to the international offering, the final number of H shares under the international offering is 1.09 billion H shares, representing 99.74% of the H shares available under the global offering.
Pursuant to the cornerstone investment agreements entered into with the cornerstone investors, Datang Renewables (H.K.) Co., Limited, China High Speed Transmission Equipment Group Co., Ltd., China Huadian HongKong Company Limited, SAIF Partners IV L.P. and State Grid International Development Limited has agreed to purchase 108.05 million H shares, 144.1 million H shares, 108.05 million H shares, 288.2 million H shares and 108.05 million H shares, respectively, in all totaling 756.45 million H shares and representing in aggregate approximately 69.24% of the offer shares issued in the global offering and approximately 12.73% of the company's total issued and outstanding share capital following the completion of the global offering.