智汇矿业（2546）香港公开发售超额认购5248倍 基石投资者认购占比40.78% 拟于12月19日上市

Group 1 - The core viewpoint of the news is that Tibet Zhihui Mining Co., Ltd. has successfully completed its global offering, with a fixed issue price of HKD 4.51 per share, raising approximately HKD 550 million in total funds, and a net amount of about HKD 500 million after deducting estimated listing expenses [1][2] - The total number of shares offered in the global sale is 121,952,000 H-shares, with 12,196,000 shares allocated for public offering in Hong Kong and 109,756,000 shares for international placement, without any over-allotment option [1] - The subscription results indicate a high demand, with the Hong Kong public offering receiving 177,542 valid applications, resulting in a subscription rate of 5,248.15 times, while the international placement had a subscription rate of 2.68 times involving 164 participants [1] Group 2 - Several cornerstone investors participated in the offering, including Spico International Limited, which was allocated 32,000,000 shares, and GIGA Industries Limited and Poly Platinum Enterprises Limited, which received 11,086,000 shares and 6,651,000 shares respectively, totaling 49,737,000 shares or 40.78% of the global offering [2] - The joint sponsors for this global offering are Guotai Junan Securities (Hong Kong) Limited and Mai Shi Capital Limited, with trading expected to commence on the Hong Kong Stock Exchange on December 19, 2025, under the stock code 2546 [2]