Chow Tai Fook Jewellery (HKG:1929) announced that the stabilising period in connection with its global offering came to an end on 7 January 2012. The stabilising actions undertaken during the stabilising period were:
(1) over-allocations of an aggregate of 133 million shares in the international offering, representing 12.7% of the total number of offer shares initially available under the global offering before any exercise of the over-allotment option; (2) the borrowing of an aggregate of 133 million shares from Chow Tai Fook (Holding) Limited solely to cover over-allocations in the international offering; (3) the purchase of an aggregate of 117 million shares in the price range of HK$13.2 to HK$14.8 per share on the market, representing 11.2% of the total number of offer shares initially available under the global offering before any exercise of the over-allotment option; and (4) the partial exercise of the over-allotment option by the joint global coordinators, on behalf of the international underwriters, on 6 January 2012 in respect of an aggregate of 16 million shares, representing 1.5% of the total number of offer shares initially available under the global offering, at the offer price per share to cover over-allocations in the international offering.