Fangzhou Inc. (HK:6086) has released an update.
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Fangzhou Inc. announced that the stabilization period related to its Global Offering ended without the exercise of the Over-allotment Option, maintaining the minimum public float as required by the Hong Kong Stock Exchange. During the stabilization period, approximately 15% of the Offer Shares were over-allocated and later purchased on the market, with the last purchase price at HK$5.70 per share. The company clarified that this announcement is purely informational and not an offer to sell or an invitation to buy securities.
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