Oversubscription14 Jul 2020 23:42
Been reading about this quietly in background. Only holding 220k shares but a great result. Im in process of transferring my cnel shares to AJ bell from I web (part of halifax).
Im sure iv read people say the oversubscription was 2.5 times the availability on HK offering but just come across this:
The Directors announce that the Hong Kong Offer Shares initially offered under the Hong
Kong Public Offering have been significantly over-subscribed. At the close of the application
lists at 12:00 noon on Tuesday, 7 July 2020, a total of 6,816 valid applications have been
received pursuant to the Hong Kong Public Offering on WHITE and YELLOW Application
Forms and by giving electronic application instructions to HKSCC via CCASS and to the
White Form eIPO Service Provider through the White Form eIPO service, for a total of
77,968,000 Hong Kong Offer Shares, representing approximately 9.44 times of the 8,260,000
Hong Kong Offer Shares initially available for subscription under the Hong Kong Public
Offering
Under the summary document found here:
www1.hkexnews.hk/listedco/listconews/sehk/2020/0714/2020071400104.htm
WELL DONE TO ALL HOLDERS.
For those that did sell out and looking for another share have a look at BMN.. please do your own research.. iv got most my eggs in that basket but im confident will come good over next year if COVID doesnt wreck the world economy any further.