Shougang Langze (02553) received 1,421.54 times oversubscription in its Hong Kong public offering, raising approximately HK$486 million in net proceeds from the global offering.

Shougang Langze (02553) announced the distribution of results. The company globally issued 40 million H shares, with 15% allocated for public offering in Hong Kong and 85% for international offering. The offering price per share is HK$14.60, with a net raise of approximately HK$486 million from the global offering. Each board lot consists of 200 shares, and it is expected that the H shares will begin trading on the Stock Exchange on June 3, 2026 (Wednesday) at 9:00 am (Hong Kong time). In the public offering in Hong Kong, the subscription was 1421.54 times oversubscribed, while the international offering was 0.95 times oversubscribed.