On February 6, glenexchange Holdings (02250. HK) announced that the stable price period of the global offering had ended on Sunday, February 6, 2022 (i.e. the 30th day after the deadline for submission of Hong Kong public offering applications).
As the international offering did not over allocate the offer shares, the exclusive representative (for itself and on behalf of the International Underwriters) did not exercise the over allotment rights, and the stable price operator, its affiliates or any person acting on its behalf did not take stable price action during the stable price period. The over allotment right expired on Sunday, February 6, 2022 (i.e. the 30th day after the deadline for submitting applications for the Hong Kong public offering). Therefore, no shares have been or will be issued under the over allotment right.
Immediately after the end of the price stabilization period, the company will continue to comply with the public shareholding requirement under Rule 8.08 (1) (a) of the listing rules, according to which at least 25% of the total issued shares of the company must be held by the public at any time.
