CCTC's Hong Kong IPO Oversubscribed by Over 327 Times, Raises Approximately HK$7.05 Billion Net

Stock News
Jul 08

CCTC (06951) has announced the final allotment results for its initial public offering.

The company globally issued 71,364,300 H shares, with the Hong Kong public offering comprising 10% and the international offering making up the remaining 90%.

The final offer price has been set at HK$100.30 per share, with the global offering expected to raise net proceeds of approximately HK$7.05 billion.

Each board lot consists of 100 H shares.

The H shares are scheduled to commence trading on the Stock Exchange at 9:00 a.m. on Thursday, July 9, 2026 (Hong Kong time).

The Hong Kong public offering portion was significantly oversubscribed by approximately 327.49 times, while the international offering was oversubscribed by about 16.24 times.

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