Bimatech Prices 153M Share Offering at HK$4.62, Raising HK$7.069B on July 6

According to its announcement on July 6, Bimatech (stock code: 06082) launched a share offering priced at HK$4.62 per share, selling 153 million new H shares to raise HK$7.069 billion in gross proceeds. The pricing represents a 9.94% discount to the prior Friday close of HK$5.13.

The offering comprises approximately 11.3% of the enlarged H share capital and 5.9% of total issued shares. The stock initially fell as much as 9.9% intraday to HK$4.624 in response, but subsequently recovered. By 9:40 a.m. local time, shares traded at HK$5.005, down 2.4%, with turnover exceeding HK$300 million. Bimatech plans to allocate approximately 20% of net proceeds toward R&D, 60% to commercialization and production, 10% to strategic investments and acquisitions, and 10% to working capital and general corporate purposes.