Zhongwei New Materials (02579.HK): The Hong Kong public offering received a subscription of 27.9 times, raising approximately HK$3.433 billion in net proceeds globally.

Straight news from the Zhitong Finance and Economics APP, Zhongwei New Materials (02579.HK) announced the distribution results, with a global offering of 104 million shares, 10% of which will be publicly offered in Hong Kong and 90% internationally. The offering price per share is HK$34, with a net proceeds of approximately HK$3.433 billion from the global offering. Trading of the shares is expected to begin on the Hong Kong Stock Exchange on November 17, 2025, with a minimum lot size of 200 shares.