中加国信(00899)发布公告，诚如该公告所披露，于2025年12月17日(星期三)下午四时正(即最后接纳时 限)，本公司合共收取5份有效申请，涉及合共1.67亿股供股股份，相当于供股项下提呈供股股份总数约 56.39%。 基于上述有效接纳及申请结果，补偿安排涉及的不获认购供股股份总数为1.29亿股供股股份。 本公司已根据上市规则第7.21(1)(b)条透过与配售代理订立配售协议作出补偿安排，本公司有条件委任 配售代理，而配售代理有条件同意担任本公司的配售代理，以根据配售协议的条款，按尽力基准促使承 配人认购不获认购供股股份。 由于供股章程所载与供股及配售相关的所有条件均已达成，供股及配售于2026年1月7日(星期三)下午五 时正成为无条件。 基于供股接纳结果及配售结果，将予配发及发行的供股股份数目为2.97亿股供股股份，占供股项下提呈 认购的供股股份总数的100%。 ...

因此，供股(包括配售事项)筹集的所得款项总额约为3410万港元，经扣除开支后，供股所得款项净额约 为3200万港元。诚如供股章程所披露，公司将按以下方式使用供股所得款项净额：(i)所得款项净额约 95.31%或约3050万港元(相当于约人民币2800万元)于2027年上半年或之前用于为中国生产线购置物业、 厂房及机器；及(ii)余下所得款项净额约4.69%或约150万港元于2026年下半年或之前用作集团的一般营 运资金。 格隆汇12月30日丨中国汽车内饰(00048.HK)公告，有关每持有两(2)股现有股份获发三(3)股供股股份之 基准进行供股，截至2025年12月11日(星期四)下午四时正(即最后接纳时限)，共接获2份有效申请，合共 认购114,759,630股供股股份，占供股项下提呈发售之供股股份(「发售股份」)总数约43.7%。 因此，供股未获足额认购，差额为147,913,026股供股股份，占发售股份总数约56.3%，该等股份将受补 偿安排规限。董事会谨此宣布，截至2025年12月18日(星期四)下午四时正(即配售代理配售未获认购供股 股份之最后时限)，所有147,913,026股未获认购供股股份均已 ...

Core Points - Huatai UBS (08006) announced that as of October 13, 2025, it received a total of 33 valid applications for a rights issue, involving 93.7938 million shares, which represents approximately 42.4% of the total shares offered in the rights issue [1] - The rights issue was not fully subscribed, resulting in a shortfall of 128 million shares, accounting for about 57.6% of the total shares offered, which will be handled according to the compensation arrangement [1] - By the deadline of October 28, 2025, all 128 million unsubscribed shares and shares not sold by excluded shareholders were successfully placed at a price of HKD 0.08 per share, equivalent to the subscription price, leading to no net proceeds available for distribution to non-participating shareholders [1] - The total amount raised from the rights issue, including the placement, was approximately HKD 17.7 million, with a net amount of about HKD 16.6 million after expenses [1]

Core Viewpoint - Minxin International Holdings (08456) announced the results of its rights issue, indicating that approximately 40.8% of the total available shares were subscribed, while about 59.2% remained unsubscribed [1] Group 1: Rights Issue Details - The company received valid applications for a total of 43,158,100 shares, which is about 40.8% of the total shares available for subscription under the rights issue [1] - A total of 62,604,200 shares, equivalent to approximately 59.2% of the total available shares, were not subscribed [1] - The unsubscribed shares, amounting to 62,604,200, are subject to a placement arrangement [1] Group 2: Placement Arrangement - The unsubscribed shares, representing about 47.4% of the company's issued shares post-rights issue, were successfully placed at a price of HKD 0.29 per share, with no premium over the subscription price [1] - The net proceeds from the unsubscribed shares under the compensation arrangement amount to zero, and no action will be taken by non-participating shareholders to realize any net proceeds [1] Group 3: Financial Outcomes - The total amount raised from the rights issue is approximately HKD 30.7 million, with a net amount of about HKD 29.5 million after deducting related expenses [1] - All conditions related to the rights issue and the placement of unsubscribed shares have been fulfilled, and these shares became unconditional on August 13, 2025 [1]

Core Viewpoint - The new regulations for Hong Kong's IPO market, effective from August 4, represent the first significant changes in 27 years, aimed at optimizing the pricing and allocation mechanisms for IPOs, responding to the increased scale of the market and the growing proportion of institutional investors [1][4][14]. Summary by Relevant Sections IPO Pricing and Allocation Mechanism - The new rules adjust the minimum allocation for the "placement" portion of IPOs to at least 40%, down from the previously proposed 50% [4]. - Two mechanisms for the "public subscription" portion are introduced: Mechanism A allows for a maximum allocation of 35%, while Mechanism B sets a fixed allocation between 10% and 60% [4][6]. Public Market Regulations - The minimum initial public holding requirement has been raised from 5% to 10% for new tiered structures, while the initial free float requirement for A+H issuers is set at 5% of total A+H shares [5][6]. Market Competitiveness and Flexibility - The Hong Kong Stock Exchange aims to enhance its competitiveness and attract new enterprises by aligning its regulations with international standards, providing greater flexibility for issuers [9][12]. - The existing six-month lock-up period for cornerstone investors is retained to maintain investor commitment [9]. Market Performance and Future Outlook - In the first seven months of the year, the Hong Kong securities market saw a total market capitalization of HKD 44.9 trillion, a 44% year-on-year increase, with IPO fundraising reaching HKD 127.9 billion, up over six times from the previous year [13]. - The second half of the year is expected to be a peak period for IPOs, with over 200 companies currently applying to list, spanning various sectors including traditional industries and new economy sectors [13][14]. Overall Impact of Reforms - The reforms are seen as a positive step towards balancing the interests of retail and institutional investors, while also addressing the need for a more flexible and responsive IPO process [12][14]. - The effectiveness of these reforms in enhancing market efficiency and preventing excessive volatility post-listing remains to be observed [14].

Group 1 - The company plans to issue up to 495 million rights shares to raise approximately HKD 223 million or up to 545 million rights shares for about HKD 245 million, with a subscription price of HKD 0.45 per share [1] - The proposed rights issue will result in the issuance of shares that represent 200% of the total shares outstanding as of the announcement date and approximately 66.67% of the total shares after the rights issue [1] Group 2 - The company has entered into a placement agreement with a placement agent to facilitate the placement of shares not subscribed in the rights issue, with a net estimated amount of approximately HKD 215 million expected from the rights issue and placement [2] - The net proceeds from the rights issue and placement are intended for various uses, including approximately HKD 146 million for general working capital, with specific allocations for operational expenses and development of financial services [2] - Approximately HKD 2.57 million is allocated for debt repayment, and HKD 44 million is earmarked for potential expansion into the cryptocurrency sector, including operating a virtual asset trading platform [2]

Core Viewpoint - China Energy Storage Technology Development (01143.HK) announced an extension of the deadline for the placement of up to 44.86 million shares due to the need for more time to meet the conditions outlined in the joint placement agreement [1] Group 1 - The company has entered into a second supplemental agreement with the joint placement agent to extend the final deadline from July 29, 2025, to August 19, 2025, or a later date as mutually agreed in writing [1]