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Tong Ren Tang Medical and Wellness IPO Receives 107.58 Billion HKD in Margin Subscriptions, 159 Times Oversubscribed

GateNews
Stocks

According to Zhitong Finance, Tong Ren Tang Medical and Wellness (02667) received margin call subscriptions of 107.58 billion HKD as of July 2 noon, marking an oversubscription of 159 times for its IPO. The company is pricing H shares at 5.48-6.21 HKD per share and is scheduled to begin trading on the Hong Kong Stock Exchange on July 7.

Anchor investors including Aviation Port Technology Capital and Aurora SF have committed to purchase approximately 3.89 billion HKD worth of shares at the offering price, accounting for over 46 percent of the total issuance, significantly reducing post-listing selling pressure.

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