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Shenzhen Zhaowei Electromechanical's Hong Kong public offering received approximately 1,537 times oversubscription
A disclosure from the Hong Kong Stock Exchange shows that Shenzhen Zhaowei Electromechanical’s total fundraising amount from its Hong Kong listing is HK$1.91 billion. The company’s Hong Kong initial public offering (IPO) offer price is set at HK$71.28 per share. The Hong Kong public offering comprises 2.67 million shares, with a subscription multiple of 1,536.76 times. The international offering comprises 24.07 million shares, with a subscription multiple of 13.40 times.