Huazhong Holdings Company Limited (HKG:6830) announced that its offer price has been determined at HK$1.4 per offer share, based on which the net proceeds to be received by the company from the new issue are estimated to be about HK$200.4 million.

The stock will be listed tomorrow.

Valid applications for a total of 21.75 million public offer shares, representing about 1.1x the total number of 20 million public offer shares initially available under the public offer, were received under the public offer.

All applicants who had applied for one board lot of the stock - 2,000 shares - were allotted the shares. The offer shares initially offered under the placing were slightly over-subscribed.

The stock had a prospective pricing range of HK$1.2-1.5 per share.