Red Avenue New Materials (09607.HK): Hong Kong public offering received 3.39 times subscription, offer price at HK$44 per share

Zhito Finance APP News: Red Avenue New Materials (09607.HK) announced its allotment results. The company globally offered 6,811.87 H shares, with the Hong Kong public offering accounting for 10% and the international offering accounting for 90%. The offer price was HK$44 per share, and the net proceeds from the global offering were HK$2.901 billion. The board lot size is 100 shares, and the H shares are expected to commence trading on the Stock Exchange at 9:00 a.m. on September 29, 2026.