geometrybase
6d05056609
Request: - Use archivist to close the 137 T1 ipo_demand source-only gaps using extracted PDF text. Changes: - Add an incremental T1 demand text backfill script. - Parse existing allotment-result extracted text into ipo_demand. - Archive linked Summary PDFs from old HKEX HTML allotment-result pages. - Correct allotment-result selection to prefer primary result announcements over clarification or supplemental notices. - Add robust line-aware allotment parsing and document the workflow in archivist and README. - Record the backfill result in a report. Execution: - Selected 137 source-only T1 demand gaps. - Wrote 137 ipo_demand rows, increasing ipo_demand from 154 to 291 rows. - Archived 38 new HKEX allotment-result PDFs and extracted their text. - Confirmed an incremental rerun selects 0 gaps and writes 0 rows. Verification: - Ran git diff --cached --check. - Ran py_compile for archive_hkex_documents.py and backfill_t1_demand_from_text.py. - Checked SQLite integrity and foreign keys. - Confirmed DB row counts match CSV snapshots. - Verified no T1 complete row is missing ipo_demand. - Verified source_refs paths/files/hashes and PDF extracted-text manifest hashes. Next useful context: - T1 demand structure is complete for listed rows; 06106 and 06675 remain pending_not_due. - T2 grey-market and due price-performance gaps remain separate archivist priorities. - Analyst output should be regenerated before using the new T1 demand facts for scoring.
341 lines
12 KiB
Plaintext
341 lines
12 KiB
Plaintext
--- page 1 ---
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SINO-SYNERGY HYDROGEN ENERGY TECHNOLOGY (JIAXING) CO., LTD. /
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國鴻氫能科技(嘉興)股份有限公司
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ANNOUNCEMENT OF FINAL OFFER PRICE AND
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ALLOTMENT RESULTS
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Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings
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as those defined in the prospectus dated 27 November 2023 (the “ Prospectus”) issued by Sino-Synergy
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Hydrogen Energy Technology (Jiaxing) Co., Ltd. (the “Company”).
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SUMMARY
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Company information
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Stock code 9663
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Stock short name SINOSYNERGY
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Dealings commencement date 5 December 2023*
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*see note at the end of the announcement
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Price Information
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Final Offer Price HK$19.660
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Offer Price Range HK$19.350 - HK$21.350
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Offer Price Adjustment exercised No
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Offer Shares and Share Capital
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Number of Offer Shares 79,520,000
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Number of Offer Shares in Public Offer 7,952,000
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Number of offer shares in International Offer 71,568,000
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Number of issued shares upon Listing 518,041,669
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The number of offer shares above is determined after taking into account the additional shares issued under
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the following Offer Size Adjustment Option
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Offer Size Adjustment Option (Upsize option)
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Number of additional shares issued under the option -
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- Public Offer -
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- International Offer -
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Over-allocation
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No. of Offer Shares over-allocated -
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Proceeds
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Gross proceeds (Note) HK$ 1,563.36 million
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Less: Estimated listing expenses payable based on Final
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Offer Price
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HK$ (107.10) million
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Net proceeds HK$ 1,456.26 million
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Note: Gross proceeds refers to the amount to which the issuer is entitled receive. For details of the use of
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proceeds, please refer to the Prospectus dated 27 November 2023.
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--- page 2 ---
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ALLOTMENT RESULTS DETAILS
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PUBLIC OFFER
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No. of valid applications 2,808
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No. of successful applications 2,808
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Subscription level 1.18 times
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Claw-back triggered No
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No. of Offer Shares initially available under the Public Offer 7,952,000
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Final no. of Offer Shares under the Public Offer 7,952,000
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% of Offer Shares under the Public Offer to the Global Offering 10.00%
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Note: For details of the final allocation of shares to the Public Offer , investors can refer to
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www.ewhiteform.com.hk/results to perform a search by identification number or www.sinosynergypower.com;
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www.ewhiteform.com.hk/eAnnouncement/ for the full list of allottees.
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INTERNATIONAL OFFER
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No. of placees 112
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Subscription Level 1.13 times
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No. of Offer Shares initially available under the International
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Offer
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71,568,000
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Final no. of Offer Shares under the International Offer 71,568,000
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% of Offer Shares under the International Offer to the Global
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Offering
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90.00%
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The Directors confirm that, to the best of their knowledge, information and belief, (i) none of the Offer Shares
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subscribed by the placees and the public have been financed directly or indirectly by the Company, any of the
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Directors, Supervisors, chief executive of the Company, the Single Largest Shareholder , substantial
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shareholders, existing shareholders of the Company or any of its subsidiaries or their respective close
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associates; and (ii) none of the placees and the public who have purchased the Offer Shares are accustomed
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to taking instructions from the Company, any of the Directors, Supervisors, chief executive of the Company,
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the Single Largest Shareholder, substantial shareholders, existing shareholders of the Company or any of its
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subsidiaries or their respective close associates in relation to the acquisition, disposal, voting or other
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disposition of Shares registered in his/her/its name or otherwise held by him/her/it.
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--- page 3 ---
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LOCK-UP UNDERTAKINGS
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Single Largest Shareholder
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Name
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Number of shares
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held in the
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Company subject
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to lock-up
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undertakings
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upon listing
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% of total issued H-
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shares after the
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Global Offering
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subject to lock-up
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undertakings upon
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listing
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% of shareholding
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in the Company
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subject to lock-up
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undertakings upon
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listing
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Last day
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subject to
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the lock-up
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undertakings
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Guangdong Hongyun
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Hydrogen Energy
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Technology Co., Ltd. /
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廣東鴻運氫能源科技
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有限公司
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80,000,000 N/A 15.44% 4 December
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2024
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Subtotal 80,000,000 N/A 15.44%
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The expiry date of the lock-up period shown in the table above is pursuant to the Hong Kong Underwriting
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Agreement and applicable PRC laws and regulations.
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Other Existing Shareholders
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Name
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Number of
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shares held in the
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Company subject
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to lock-up
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undertakings
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upon listing
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% of total issued H-
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shares after the
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Global Offering
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subject to lock-up
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undertakings upon
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listing
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% of shareholding
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in the Company
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subject to lock-up
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undertakings
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upon listing
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Last day
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subject to the
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lock-up
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undertakings
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Other existing
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Shareholders /
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其他現有股東
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358,521,669 N/A 69.21% 4 December
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2024
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Subtotal 358,521,669 N/A 69.21%
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The expiry date of the lock-up period shown in the table above is pursuant to the applicable PRC laws and
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regulations.
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--- page 4 ---
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PLACEE CONCENTRATION ANALYSIS
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Placees Number of H Shares allotted
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Allotment as % of International Offering Allotment as % of total Offer Shares
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Number of
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Shares held upon Listing
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% of total issued share capital upon
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Listing
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Top 1 12,919,000 18.05% 16.25% 12,919,000 2.49%
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Top 5 41,909,000 58.56% 52.70% 41,909,000 8.09%
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Top 10 61,400,000 85.79% 77.21% 61,400,000 11.85%
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Top 25 71,524,500 99.94% 89.95% 71,524,500 13.81%
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Notes
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* Ranking of placees is based on the number of H Shares allotted to the placees.
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--- page 5 ---
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H SHAREHOLDERS CONCENTRATION ANALYSIS
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H
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Shareholders*
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Number of H
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Shares allotted
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Allotment as % of
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International
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Offering
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Allotment as %
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of total Offer
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Shares
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Number of H
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Shares held
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upon Listing
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% of total issued H Shares
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capital upon Listing
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Number of Shares held
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upon Listing
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Top 1 12,919,000 18.05% 16.25% 12,919,000 16.25% 12,919,000
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Top 5 41,909,000 58.56% 52.70% 41,909,000 52.70% 41,909,000
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Top 10 61,400,000 85.79% 77.21% 61,400,000 77.21% 61,400,000
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Top 25 73,216,000 102.30% 92.07% 73,216,000 92.07% 73,216,000
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Notes
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* Ranking of H Shareholders is based on the number of H Shares held by the H Shareholders upon Listing.
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SHAREHOLDER CONCENTRATION ANALYSIS
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Shareholders
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Number of H
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Shares allotted
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Allotment as % of
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International
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Offering
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Allotment as % of
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total Offer Shares
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Number of H Shares
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held upon Listing
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Number of Shares
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held upon Listing
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% of total issued
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share capital upon
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Listing
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Top 1 0 0.00% 0.00% 0 80,000,000 15.44%
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Top 5 0 0.00% 0.00% 0 232,470,135 44.87%
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Top 10 12,919,000 18.05% 16.25% 12,919,000 321,586,277 62.08%
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Top 25 45,919,000 64.16% 57.75% 45,919,000 435,456,484 84.06%
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Notes
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* Ranking of Shareholders is based on the number of Shares (of all classes) held by the Shareholder upon Listing.
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BASIS OF ALLOCATION UNDER THE HONG KONG PUBLIC OFFERING
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Subject to the satisfaction of the conditions set out in the Prospectus, valid applications made by
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the public will be conditionally allocated on the basis set out below:
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NO. OF H SHARES APPLIED
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FOR
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NO. OF VALID
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APPLICATIONS
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BASIS OF
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ALLOTMENT/BALLOT
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APPROXIMATE
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PERCENTAGE ALLOTTED
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OF THE TOTAL NO. OF H
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SHARES APPLIED FOR
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500 1,640 500 H Shares 100.00%
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1,000 266 1,000 H Shares 100.00%
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1,500 102 1,500 H Shares 100.00%
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2,000 259 2,000 H Shares 100.00%
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2,500 86 2,500 H Shares 100.00%
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3,000 35 3,000 H Shares 100.00%
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--- page 6 ---
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3,500 14 3,500 H Shares 100.00%
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4,000 79 4,000 H Shares 100.00%
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4,500 26 4,500 H Shares 100.00%
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5,000 101 5,000 H Shares 100.00%
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7,500 49 7,500 H Shares 100.00%
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10,000 54 10,000 H Shares 100.00%
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12,500 1 12,500 H Shares 100.00%
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15,000 17 15,000 H Shares 100.00%
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17,500 6 17,500 H Shares 100.00%
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20,000 11 20,000 H Shares 100.00%
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25,000 13 23,000 H Shares 92.00%
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30,000 6 26,000 H Shares 86.67%
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35,000 3 29,000 H Shares 82.86%
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40,000 6 32,000 H Shares 80.00%
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45,000 3 35,000 H Shares 77.78%
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50,000 14 38,000 H Shares 76.00%
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100,000 6 44,000 H Shares 44.00%
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150,000 4 52,000 H Shares 34.67%
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200,000 3 65,000 H Shares 32.50%
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250,000 2 250,000 H Shares 100.00%
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400,000 1 400,000 H Shares 100.00%
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450,000 1 450,000 H Shares 100.00%
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Total 2,808 7,952,000 H Shares
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As of the date of this announcement, the relevant subscription monies previously deposited in the
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designated nominee accounts have been remitted back to the accounts of all HKSCC participants .
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Investors should contact their relevant brokers for any inquiries.
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COMPLIANCE WITH LISTING RULES AND GUIDANCE
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The Directors confirm that, except for the Listing Rules that have been waived and/or in respect of
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which consent has been obtained, the Company has complied with the Listing Rules and guidance
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materials in relation to the placing, allotment and listing of the Company’s shares.
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The Directors confirm that, to the best of their knowledge, the consideration paid by the placees or the
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public (as the case may be) directly or indirectly for each Offer Share subscribed for or purchased by
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them was the same as the final Offer Price in addition to any brokerage, AFRC transaction levy, SFC
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transaction levy and trading fee payable.
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OTHERS / ADDITIONAL INFORMATION
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The Company has applied to the Stock Exchange to exercise its discretion under Rule 8.08(1)(d) of the
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Listing Rules to grant, and the Stock Exchange has granted, a waiver from strict compliance with the
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minimum public float requireme nt under Rule 8.08(1)(a) of the Listing Rules so that the minimum
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percentage of the H Shares from time to time to be held by the public will be 15% of the total issued share
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capital of our Company (including the Shares that may be issued under the Pre -IPO Share Incentive
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Scheme).
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--- page 7 ---
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The Directors confirm that there will be at least 300 Shareholders at the time of the Listing in compliance
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with Rule 8.08(2) of the Listing Rules, and that the three largest public Shareholders do not hold more
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than 50% of the shares held in public hands at the time of the Listing in compliance with Rule 8.08(3) and
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Rule 8.24 of the Listing Rules.
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DISCLAIMERS
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Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited (the “Stock
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Exchange”) and Hong Kong Securities Clearing Company Limited (“HKSCC”) take no
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responsibility for the contents of this announcement, make no representation as to its accuracy or
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completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from
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or in reliance upon the whole or any part of the contents of this announcement.
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This announcement is not for release, publication, distribution, directly or indirectly, in or into the
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United States (including its territories and possessions, any state of the United States and the District
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of Columbia). This announcement does not constitute or form a part of any offer or solicitation to
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purchase or subscribe for securities in the United States. The securities mentioned herein hav e not
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been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S.
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Securities Act”). The securities may not be offered or sold in the United States except pursuant to an
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exemption from the registration requirement s of the U.S. Securities Act and in compliance with any
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applicable state securities laws, or outside the United States unless in compliance with Regulation S
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under the U.S. Securities Act. There will be no public offer of s ecurities in the United States.
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The Offer Shares are being offered and sold outside the United States in offshore transactions in reliance
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on Regulation S under the U.S. Securities Act.
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This announcement is for information purposes only and does not constitute an invitation or offer to
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acquire, purchase or subscribe for securities. This announcement is not a prospectus. Potential
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investors should read the Prospectus dated 27 November 2023 issued by Sino-Synergy Hydrogen Energy
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Technology (Jiaxing) Co., Ltd. for detailed information about the Global Offering described below
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before deciding whether or not to invest in the Shares thereby being offered.
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*Potential investors of the Offer Shares should note that the Overall Coordinator (for itself and on
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behalf of the Hong Kong Underwriters) shall be entitled to terminate their obligations under the Hong
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Kong Underwriting Agreement with immediate effect upon the occurrence of any of the events set
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out in the paragraph headed “Underwriting – Underwriting Arrangements and Expenses – the Hong
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Kong Public Offering – Grounds for Termination ” in the Prospectus at any time prior to 8:00 a.m.
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(Hong Kong time) on the Listing Date (which is currently expected to be on 5 December 2023 ).
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