Gelonghui announced on February 6 Jl Mag Rare-Earth Co.Ltd(300748) (06680. HK) that the stable price period of the global offering has ended on February 6, 2022 (i.e. the 30th day after the deadline for submission of Hong Kong public offering applications). The price stabilizing actions taken by the price stabilizing operator CITIC CLSA, its affiliates or any person acting on its behalf during the price stabilizing period are as follows:
(I) a total of 1874 were over allocated in the international offering. 400000 H shares, equivalent to about 14.9% of the offer shares initially offered for sale under the global offering (before the over allotment right is exercised); and
(II) continue to purchase a total of 1874 shares in the market at the price range of HK $26.00 to HK $33.35 per H share (excluding 1% brokerage commission, 0.0027% SFC transaction levy, 0.00015% financial reporting Bureau transaction levy and 0.005% stock exchange transaction fee) during the stable price period. 400000 H shares, equivalent to about 14.9% of the offer shares initially offered under the global offering (before the over allotment right is exercised). During the stable price period, the stable price handler made the last share purchase in the market at the price of HK $31.00 per H share (excluding 1% brokerage commission, 0.0027% SFC transaction levy, 0.00015% financial reporting Bureau transaction levy and 0.005% stock exchange transaction fee) on February 4, 2022.
The joint representatives (for themselves and on behalf of the International Underwriters) did not exercise the over allotment rights during the stable price period, so the over allotment rights have expired on February 6, 2022.
The directors confirm that immediately after the end of the price stabilization period, the company will continue to comply with the public shareholding requirement of rule 8.08 (1) (b) of the listing rules.
