Zhongsu Shares Sets IPO Price at 55.28 Yuan Per Share, Subscription Opens September 10

Stock News

Sep 08

Guangdong Sinoplast Advanced Material Co., Ltd. (301686.SZ) announced on Monday that it has finalized its initial public offering price at 55.28 yuan per share, with subscriptions scheduled to open on September 10. The pricing decision was reached after thorough preliminary inquiries, taking into account factors such as remaining bids, proposed purchase quantities, the effective subscription multiple, the issuer's fundamentals, industry conditions, market dynamics, and valuation levels of comparable listed companies.

As part of the offering process, the issuer and its lead underwriter confirmed that no further cumulative bidding inquiry will be conducted for the offline issuance. Both the offline and online subscription periods are set for the same day, September 10, 2026 (the "T-day"), marking a streamlined approach to the share sale.

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