Core Viewpoint - Chery Automobile Co., Ltd. has successfully listed on the Hong Kong Stock Exchange, with its shares closing at HKD 31.92, reflecting a 3.80% increase on the first day of trading [1]. Group 1: Share Issuance Details - The total number of shares issued globally by Chery Automobile is 297,397,000 H-shares, subject to the exercise of the over-allotment option [2]. - The number of shares available for public offering in Hong Kong is 29,739,700 H-shares, while the international offering comprises 267,657,300 H-shares [2]. - The number of shares already issued at the time of listing (before the exercise of the over-allotment option) is 5,767,228,633 [2]. Group 2: Pricing and Proceeds - The final offering price for Chery Automobile's shares is HKD 30.75, with a price range during the offering set between HKD 27.75 and HKD 30.75 [5][6]. - The total proceeds from the offering amount to HKD 9,145.0 million, with estimated listing expenses of HKD 265.7 million, resulting in a net proceeds of HKD 8,879.3 million [4][6]. Group 3: Use of Proceeds - Approximately 35.0% of the net proceeds will be allocated to research and development of various passenger car models over the next one to three years [6]. - About 25.0% of the net proceeds is earmarked for the development of next-generation vehicles and advanced technologies to enhance core technical capabilities over the next one to three years [6]. - Approximately 20.0% of the net proceeds will be used to expand overseas markets and execute globalization strategies over the next one to four years [6]. - Around 10.0% of the net proceeds is planned for upgrading production facilities located in Wuhu, Anhui, over the next one to four years [6]. - The remaining 10.0% will be allocated for working capital and general corporate purposes [6]. Group 4: Cornerstone Investors - Key cornerstone investors include JSC International Investment Fund SPC, HHLR Advisors, Ltd., Shanghai Jinglin, and CICC Financial Trading Limited, among others [7]. - HHLR Advisors, Ltd. is a member of Hillhouse Group and acts as the investment manager for several investment funds [7].
奇瑞汽车港股首日涨3.8% 募资91.45亿港元高瓴为基石