Changxin Memory Technologies: Full Exercise of Greenshoe Option in Initial Public Offering

BlockBeats News, August 26th - Changxin Technology announced that the full amount of the over-allotment option for its initial public offering and listing on the Sci-Tech Innovation Board has been exercised, resulting in an additional issuance of 1.003 billion shares, increasing the total number of shares to 67.884 billion. As the stock price has remained above the offering price of 8.66 yuan per share during the exercise period, CICC, as the joint lead underwriter for this issuance, did not use the funds obtained from the over-allotment to purchase the newly issued shares in the secondary market through a competitive bidding process.