On January 2, microblog announced on the Hong Kong stock exchange that the stable price period for global sale would end on January 1, 2022. On January 1, 2022 (after the trading session), the joint representatives have partially exercised the over allotment rights, involving a total of 1453620 class a ordinary shares, accounting for about 13.21% of the total number of offer shares initially available for subscription under the global offering before the exercise of any over allotment rights.
According to the share borrowing agreement, Goldman Sachs international has borrowed 1650000 class a common shares from WB hzgs estate (Hong Kong) limited to make up for the over allocation of the international offering. The over allotment of shares will be used to facilitate the return of some of the borrowed class a common shares to WB hzgs estate (Hong Kong) Limited.
Sina will sell the over allotment shares at HK $272.8 per class a ordinary share (i.e. the international offering price). The Listing Committee of the stock exchange of Hong Kong has approved the listing and trading of over allotted shares. The over allotted shares will be listed and traded on the main board of the Hong Kong Stock Exchange at 9:00 a.m. on January 7, 2022.
(interface News)
