SERES(SH:601127) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-10-28 20:22Core Viewpoint - The company, Seres Group Co., Ltd., is in the process of issuing overseas listed foreign shares (H shares) and listing on the Hong Kong Stock Exchange, with significant steps already taken in the application and approval process [1][2][3]. Group 1: Application and Approval Process - On April 28, 2025, the company submitted its application for H share issuance to the Hong Kong Stock Exchange and published the application materials on the same day [1]. - The China Securities Regulatory Commission (CSRC) confirmed the company's application for overseas issuance on September 25, 2025 [1][2]. - A listing hearing was held by the Hong Kong Stock Exchange Listing Committee on October 9, 2025, to review the company's application [2]. Group 2: H Share Offering Details - The total number of H shares for global offering is set at 100,200,000 shares, with 10,020,000 shares allocated for public offering in Hong Kong, representing 10% of the total [4]. - The company has the option to issue up to 15,030,000 additional H shares to meet excess demand through a pre-agreed adjustment mechanism [5]. - The maximum price for the H shares is capped at HKD 131.50 per share, with the public offering expected to start on October 27, 2025, and end on October 31, 2025 [5]. Group 3: Listing Timeline - The H shares are anticipated to be listed and commence trading on the Hong Kong Stock Exchange on November 5, 2025 [5].