Changxin Technology said the issuer and its joint lead underwriters held the online subscription lottery drawing for the offering on the morning of July 17, the T+1 day of the deal, according to a company announcement cited by Odaily. The results of the online lottery will be released on the Shanghai Stock Exchange website on July 20, the T+2 day.
The company also told investors to pay close attention to the payment process tied to the offering. Offline investors are required to make full payment for their share subscriptions based on the final offer price of 8.66 yuan per share and their allocated amount, in line with the July 20 announcement on preliminary offline placement results and online lottery results. Those funds must arrive before 16:00 on July 20.
For online investors who win allotments, the notice says they must complete fund settlement obligations in accordance with the same results announcement and ensure their securities accounts hold sufficient subscription funds by the end of July 20. Any shortfall will be treated as a forfeited subscription. The update was reported by Yicai.
Changxin Technology said the issuer and its joint lead underwriters conducted the online subscription lottery drawing for the offering on the morning of July 17, the T+1 day, according to a company announcement cited by Odaily.
The company said the results of the online lottery will be published on the Shanghai Stock Exchange website on July 20, the T+2 day.
Changxin Technology also reminded investors to closely watch the payment stage of the offering and complete payment obligations on July 20.
Offline investors are required to follow the Announcement of Preliminary Offline Placement Results and Online Lottery Results to be released on July 20, pay for their new share subscriptions in full based on the final offer price of 8.66 yuan per share and the number of shares allocated to them, and ensure the subscription funds arrive before 16:00 on July 20.
Online investors who win allocations after subscribing for the new shares must also complete fund settlement obligations in line with the same announcement and make sure their accounts hold sufficient subscription funds by the end of July 20. Any insufficient amount will be treated as an abandoned subscription.
The update was reported by Yicai.
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