Allied Cement Holdings Limited (HKG:1312) announced that its offer price has been determined at HK$1 per offer share, based on which the net proceeds from the share offer to be received by the company are estimated to be approximately HK$145 million.

The stock - with a board lot size of 3,000 shares - will be listed tomorrow.

Valid applications were received by the company for a total of 92.915 million offer shares, equivalent to approximately 2.96 times of the total number of 31.35 million offer shares available for subscription under the public offer.

All applicants who applied for one board lot of the stock were allotted the shares.

The offer shares offered under the placing were just sufficiently subscribed.