Corporate ActionMay 29, 2026, 04:08 PM
ACM Shanghai plans Hong Kong H Share Listing, up to 7% share capital
AI Summary
ACM Research (Shanghai), Inc., a subsidiary of ACM Research, Inc., announced its board's approval for an H Share Listing on the Main Board of The Stock Exchange of Hong Kong Limited. The offering proposes to issue H shares representing no more than 7% of its total issued share capital, with an over-allotment option for up to 15% of the initial offering. Proceeds are earmarked for product development, R&D, global market expansion, working capital, and bank loan repayment. The plan requires shareholder and regulatory approvals.
Key Highlights
- ACM Research (Shanghai) board approved H Share Listing on SEHK Main Board.
- Offering size: up to 7% of total issued share capital post-offering.
- Over-allotment option: up to 15% of initially offered H shares.
- Proceeds for product development, R&D, global expansion, working capital, and loan repayment.
- Listing subject to shareholder and regulatory approvals from CSRC, SEHK, and SFC.
- Resolution validity period: 24 months from shareholder approval, with potential extension.
Price Impact
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