The oversubscribed offer of shares in the old store is reported to have attracted multiple times the excessive subscription amount.

Insiders revealed that Lao Feng Xiang's expansion of its share placement has attracted several times oversubscribed. Insiders said that the share placement of this Chinese jewelry retailer has attracted demand from global long-only investors and existing shareholders. The placement size was expanded from the initial plan of 3.7 million shares to 4.31 million shares, raising HK$2.72 billion. The order book shows that the top ten investors subscribed for approximately 70% of the shares, while the top twenty investors obtained about 85% of the shares. Insiders said that Lao Feng Xiang's management team participated deeply in the placement.