An update from Mao Geping Cosmetics Co., Ltd. Class H ( (HK:1318) ) is now available.
Mao Geping Cosmetics Co., Ltd. announced the full exercise of the over-allotment option in its recent global offering, resulting in the issuance of an additional 11,763,500 H Shares at HK$29.80 per share. This move, which represents approximately 15% of the total offer shares, is part of the company’s strategy to stabilize its share price and fulfill delayed delivery agreements. The stabilization period for the offering concluded on January 4, 2025, with listing approval granted for these shares to commence trading on January 8, 2025. This development slightly altered the company’s shareholding structure, increasing the percentage of H Shares issued through the global offering.
More about Mao Geping Cosmetics Co., Ltd. Class H
Mao Geping Cosmetics Co., Ltd. is a joint stock company incorporated in the People’s Republic of China with limited liability, primarily focusing on the cosmetics industry. The company is engaged in the production and sale of cosmetics, and it is listed on the Stock Exchange of Hong Kong with stock code 1318.
YTD Price Performance: 1.29%
Average Trading Volume: 7,781,925
For a thorough assessment of 1318 stock, go to TipRanks’ Stock Analysis page.