Seres Group Co., Ltd. (賽力斯集團股份有限公司) (stock code: 9927) has outlined details for its planned global offering. The company intends to offer a total of 100,200,000 H shares, consisting of 10,020,000 shares for the Hong Kong Public Offering (approximately 10% of the total shares) and 90,180,000 shares for the International Offering (approximately 90%). The maximum offer price is set at HK$131.50 per H share.
According to the announcement, the offer size may be adjusted upward by up to 15%, potentially reaching an additional 15,030,000 shares. There is also an over-allotment option allowing up to 15,030,000 more shares if exercised in full (or up to 17,284,500 shares if the offer size adjustment is fully utilized).
The application period for the Hong Kong Public Offering is from Monday, October 27, 2025, to Friday, October 31, 2025. The final offer price is expected to be determined on or before Monday, November 3, 2025, with publication of the allocation results on Tuesday, November 4, 2025. Shares of Seres Group are scheduled to begin trading on the Hong Kong Stock Exchange on Wednesday, November 5, 2025, in board lots of 100 shares each. Potential investors may apply online via designated electronic channels during the subscription period.