Group 1 - The total number of valid subscriptions for the online issuance was 13,503,823, with a total of 49,487,454,000 shares subscribed [1] - The total number of allocation numbers was 98,974,908, with the starting allocation number being 000000000001 and the ending number being 000098974908 [1] Group 2 - The initial effective subscription multiple for the online issuance was 11,921.81498 times, leading to the activation of the callback mechanism [2] - After the callback mechanism was implemented, the final number of shares issued offline was 762.4766 million, accounting for 51.80% of the total issuance after deducting the final strategic placement [2] - The final number of shares issued online was 709.5000 million, representing 48.20% of the total issuance after deducting the final strategic placement, with an online winning rate of 0.0143369671% and an effective subscription multiple of 6,974.97590 times [2]

Core Viewpoint - The article discusses the details of a recent share issuance, including pricing, subscription rates, and key investors involved in the process [1][2][3] Summary by Relevant Sections Issuance Details - The final issuance price is set at HKD 71.59 per share, with a total of 348,990,700 shares available for issuance, subject to the exercise of the over-allotment option [1] - The total funds raised amount to HKD 24.9842 billion, with a net amount of HKD 24.470 billion [1] - The subscription rate for the Hong Kong offering is 240.74 times, while the international offering (excluding reserved shares) is 20.38 times [1] Allocation and Distribution - No reallocation occurred, with the Hong Kong offering accounting for 10% of the global offering, totaling 34,899,100 shares, and the international offering accounting for 90%, totaling 314,091,600 shares [1] - The cornerstone investors include notable institutions such as GIC Private Limited, HHLR Advisors, BlackRock, and Schroder Investment Management, with cornerstone investors receiving 43.40% of the total shares offered [1][2] Investor Breakdown - A detailed breakdown of shares allocated to various investors is provided, highlighting the percentage of shares each investor received relative to the total offering [2][3] - Notable allocations include GIC Private Limited with 16,327,700 shares (4.68%), BlackRock and Schroder Investment Management with 13,062,200 shares (3.74%), and several other institutional investors [2][3]

Core Points - Dalian Shengya announced that the Dalian State-owned Assets Supervision and Administration Commission has preliminarily agreed to the company's plan to issue A-shares to specific targets and the 2025 restricted stock incentive plan [1] - The issuance of shares and the incentive plan are subject to approval by the company's shareholders' meeting, as well as review by the Shanghai Stock Exchange and approval from the China Securities Regulatory Commission [1] - The final number of shares issued and the amount of funds raised will be determined based on the approval from the China Securities Regulatory Commission [1]

Core Viewpoint - China Rare Earth Holdings Limited (03788) has entered into a subscription agreement to issue shares at a price of HKD 3.13 per share, which is approximately 14.7% lower than the closing price of HKD 3.67 on September 22, 2025 [1] Group 1: Subscription Agreement Details - The company has agreed to issue 25 million shares to Zijin Global Fund and 50 million shares to Kingsoft, representing about 3.69% of the enlarged issued share capital after the subscription [1] - The total amount raised from the subscription is expected to be approximately HKD 235 million, with a net amount of about HKD 231 million after expenses [1] Group 2: Use of Proceeds - The net proceeds from the subscription will be used alongside the company's own funds to support the development of the company's gold mining project in Australia [1]

Core Viewpoint - The company, Suzhou Huichuan United Power System Co., Ltd., has received approval for its initial public offering (IPO) of 288.57491 million shares at a price of RMB 12.48 per share, with the underwriting managed by Guotai Junan Securities Co., Ltd. [1][2] Issuance Details - The total number of shares for this issuance is 288.57491 million, with the entire offering being new shares and no existing shares being sold by current shareholders [2] - The initial strategic placement was set at 86.572473 million shares, accounting for 30% of the total issuance, with the final strategic placement amounting to 84.935893 million shares, or 29.43% of the total [3][6] Subscription Mechanism - The issuance will utilize a combination of strategic placement, offline inquiry placement, and online issuance to the public, with the stock code being "301656" [1] - The offline initial issuance was 163.239017 million shares, representing 80.16% of the remaining shares after strategic placement, while the online initial issuance was 40.4 million shares, or 19.84% [4] Subscription Results - The online subscription saw a total of 80,827,455 shares subscribed, amounting to RMB 1,008,726,638.40, while offline investors subscribed for 122,508,522 shares, totaling RMB 1,528,906,354.56 [8][9] - The final online issuance rate was 0.0328%, with a subscription multiple of 3,047.16 times [4] Underwriting and Fees - Guotai Junan Securities fully underwrote the shares that were not subscribed, totaling 303,040 shares, with an underwriting amount of RMB 3,781,939.20 [10] - The total issuance costs amounted to RMB 73.449 million, including various fees such as underwriting, auditing, and legal expenses [11]

Core Viewpoint - Suzhou Huichuan United Power System Co., Ltd. has received approval for its initial public offering (IPO) of 288.57491 million shares at a price of RMB 12.48 per share, with a combination of strategic placement, offline issuance, and online issuance methods [1][2][3]. Strategic Placement - The initial strategic placement was set at 86.572473 million shares, accounting for 30% of the total issuance, with the final strategic placement amounting to 84.935893 million shares, or 29.43% of the total [3][10]. - The strategic placement includes shares allocated to senior management and core employees, totaling 19.230769 million shares (6.66% of total issuance), and other investors receiving 65.705124 million shares (22.77% of total issuance) [3][10]. Issuance Mechanism - The issuance will be conducted through a combination of strategic placement, offline inquiries, and online pricing for public investors holding non-restricted A-shares and non-restricted depositary receipts [1][2]. - The final issuance price is determined based on the lower of the median and weighted average of bids from qualified investors and certain funds [2][10]. Subscription and Allocation - The initial offline issuance quantity was 163.239017 million shares, representing 80.16% of the remaining shares after strategic placement, while the online issuance was 40.4 million shares (19.84%) [3][4]. - A mechanism for reallocating shares from offline to online issuance was activated due to a high subscription rate, resulting in an online final issuance quantity of 81.128 million shares (39.84%) [4][12]. Payment and Compliance - Investors must ensure that subscription funds are fully paid by the specified deadline; failure to do so will result in the invalidation of their allocation [5][6]. - The shares from the online issuance will have no restrictions on circulation, while 30% of the offline shares will be subject to a six-month lock-up period [7][8]. Investor Participation - As of September 10, 2025, all strategic placement investors have timely paid their subscription funds, and any excess funds will be refunded by September 19, 2025 [11]. - The offline subscription process concluded on September 15, 2025, with 275 investors managing 7,799 valid bids [13][14].

Group 1 - The core point of the article is the pricing and subscription details of the stock issuance by Shanghai Jianda Zhixin Medical Technology Group Co., Ltd, with a determined issuance price of 7.05 yuan per share, reflecting various financial metrics and investor participation [2][3][8]. Group 2 - After excluding invalid and highest bids, there were 278 participating investors, with a total subscription amount of 16,356,100,000 shares, resulting in a subscription multiple of 3,751.07 times [1][4]. - The determined issuance price corresponds to a price-to-earnings (P/E) ratio of 11.06 times based on the net profit attributable to the parent company for the year 2024, before non-recurring gains and losses [2][3]. - The company reported net profits of 191.32 million yuan for 2023 and 223.57 million yuan for 2024, meeting the listing standards of the Shenzhen Stock Exchange [3][6]. Group 3 - The effective subscription quantity from valid bids totaled 14,895,160,000 shares, with an effective subscription multiple of 3,416.02 times [4][11]. - The average static P/E ratio for the wholesale industry was reported at 25.73 times, indicating that the company's issuance price is significantly lower than the industry average [6][7]. - The strategic placement involved 6,300,000 shares allocated to the employee management plan, accounting for approximately 9.97% of the total issuance [8][10]. Group 4 - The subscription process for offline investors is set for September 16, 2025, with specific requirements for submitting bids and ensuring compliance with regulatory standards [12][13]. - The online subscription period is also scheduled for September 16, 2025, with a total initial issuance quantity of 10,110,500 shares available for public subscription [24][26]. - Investors must ensure their accounts meet the minimum market value requirements to participate in the online subscription [28][30].

山东黄金（600547）(600547.SH)发布公告，为进一步调整优化融资方式，公司结合资本市场整体运行 状况及已于近日成功实施H股配售的情况，于2025年9月12日召开第七届董事会第四次会议，审议通过 了《关于公司终止向特定对象发行A股股票事项并撤回申请文件的议案》，公司决定终止向特定对象发 行A股股票事项，并向上海证券交易所申请撤回相关申请文件。 ...

Core Viewpoint - NIO Inc. announced a stock issuance plan involving up to 181,818,190 Class A ordinary shares, with net proceeds intended for investment in core technologies for smart electric vehicles, development of future technology platforms and models, expansion of battery swapping and charging networks, strengthening the balance sheet, and general corporate purposes [1] Summary by Relevant Categories Investment in Technology - The company plans to use the net proceeds from the stock issuance to invest in the research and development of core technologies for smart electric vehicles [1] Future Development - Funds will also be allocated for the development of future technology platforms and vehicle models across its brands [1] Network Expansion - The company aims to expand its battery swapping and charging network as part of its growth strategy [1] Financial Strengthening - A portion of the proceeds will be used to further enhance the company's balance sheet strength [1] General Corporate Purposes - The remaining funds will be utilized for general corporate purposes [1]

蔚来汽车9月10日宣布拟进行一项股票发行计划，涉及公司总计不超过181,818,190股A类普通股。公司 目前计划将所得净收益用于投资智能电动汽车核心技术的研发，开发旗下各品牌的未来技术平台及车 型，扩展电池换电与充电网络，进一步增强资产负债表实力，并用于一般企业用途。 ...