百利天恒：鉴于现行市况，经征询整体协调人后，公司已决定全球发售将会延迟，将退回申请股款！机构：孖展63.3亿港元

Core Viewpoint - The global offering of Bailitianheng (2615.HK) has been delayed due to current market conditions, and the company will not proceed with the international underwriting agreement or unconditional public offering agreement [1] Group 1: Offering Details - Bailitianheng's public offering was initially scheduled from November 7 to November 12, with a planned listing on November 17 [1] - The company announced that application funds will be refunded on November 17, following the decision to delay the global offering [1] Group 2: Subscription and Demand - As of the morning of November 12, the estimated margin for Bailitianheng was approximately HKD 6.33 billion, indicating an oversubscription of about 17.8 times based on the public offering amount of HKD 336 million [1] Group 3: Business Impact - The company stated that the decision to delay the global offering does not affect its current business operations, and it remains committed to developing and expanding its business [1] - Bailitianheng and its overall coordinators are carefully assessing the timeline for the global offering and listing [1]