PC Partner Group Limited (HKG:1263) announced that based on its offer price of HK$1.6 per share, the net proceeds from the offering it will receive are estimated to be HK$109 million. The over-allotment option will not be exercised.

Valid applications for a total of 15.792 million public offer shares were received, representing 1.5x of the total number of 10.5 million public offer shares initially available under the public offering.

The stock, with a board lot size of 2,000 shares, will be listed tomorrow.

All applicants who had applied for one board lot of the stock were allotted the shares.

Approximately HK$46 million, or 42.2% of the estimated net proceeds, will be used to expand the group's SMT production capacity and efficiency by acquiring SMT machineries, equipment and relevant technology.