🇨🇳Memory supplier Longsys (江波龙; HKEX: 09976) priced H-shares at HK$236, with HK$6.8032 billion net proceeds; trading starts September 8.

Longsys (江波龙; Hong Kong Stock Exchange: 09976) disclosed its offering allotment results on September 7, according to the Telegram reports of its exchange announcement. The final offer price was HK$236 per H-share, with reported net proceeds of HK$6.8032 billion.

The Hong Kong public offering attracted subscriptions equal to 40.32 times the offered amount, while the international offering attracted 3.88 times subscription. H-share trading was scheduled to begin on September 8, 2026; the supplied material reports pricing and allotment, not first-day trading performance.

A separate company announcement concerned its subsidiary Xizang Yuanshi (西藏远识), whose commitment to Suzhou Puhua Chenguang Venture Capital Partnership (苏州璞华宸光创业投资合伙企业) remained RMB80 million. The partnership’s total subscribed commitments increased from RMB371 million to RMB1.057 billion, reducing the subsidiary’s commitment share from 21.56% to 7.57% without changing its committed amount or contribution method.

That percentage reduction concerns the investment partnership, not dilution of Longsys shareholders through the H-share offering. The supplied offering summaries do not disclose the share count, shareholder dilution, use-of-proceeds allocation, or settlement conditions; the separate partnership announcement said the new limited partners had no related-party relationships or interest arrangements with the company and specified controlling parties.