【New Stock IPO】Guanghe Technology 1989 Takes Flight, Reportedly 200,000 Subscribers, Oversubscription of 1,072 Times

SocialAnxietyStaker · 2026-03-17T14:15:28+00:00

Guanghe Technology conducted a local public offering on the 17th, which received subscriptions from 200,000 people, with a total amount reaching 358.1 billion yuan, oversubscribed 1,072 times. The company plans to issue 46 million H shares, with a maximum offering price of 71.88 yuan, raising a maximum of 3.31 billion yuan, and is expected to be listed on the 20th. Additionally, it introduced 12 cornerstone investors, collectively subscribing for 190 million US dollars worth of shares, with a 6-month lock-up period in place.

SocialAnxietyStaker

2026-03-17 14:15:28

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Printed Circuit Board (PCB) manufacturer Guanghe Technology (01989)
On Tuesday (17th) at noon, “book-building” closed. Reports indicate that the company’s local public offering received subscriptions from 200,000 people, involving HKD 358.1 billion, oversubscribed by 1,072 times.

The company plans to issue 46 million H-shares, with 10% for public sale in Hong Kong, at a maximum price of HKD 71.88, raising up to HKD 3.31 billion. Each lot consists of 100 shares, with an entry fee of HKD 7,260.50 per lot, and is expected to list on Friday (20th).

12 cornerstone investors subscribe for a total of USD 190 million

It is worth noting that Guanghe Technology has introduced 12 cornerstone investors, who subscribed for shares worth a total of USD 190 million (approximately HKD 1.486 billion), with a six-month lock-up period.

CPE: USD 1.59 million
Yuanfeng Asset Management and Guotai Junan Investment (regarding Yuanfeng’s off-market swaps): USD 1.41 million
Shanghai Jinglin and CITIC Securities International Capital Management (regarding CITIC Securities’ back-to-back total return swaps and CITIC Securities’ client total return swaps): USD 820,000
Hong Kong Jinglin: USD 2.918 million
UBS Asset Management Singapore: USD 3 million
Woori: USD 3 million
Eastspring: GBAHIL: USD 1.5 million
Greater Bay Area Joint Home Investment: USD 1.5 million
MY Asian: USD 1 million
Baring: USD 1 million
China Life: USD 1 million
ICBC Wealth Management: USD 1 million

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