Bouge New Materials (08090) Completes IPO Subscription with HK$19.597B Borrowing, 1,581.99x Oversubscription on July 3

According to local media, composite cable cover plate manufacturer Bouge New Materials (08090) completed its IPO subscription on July 3, 2026, securing HK$19.597 billion in borrowed funds from underwriters with a public offering size of HK$12.31 million, achieving an oversubscription rate of 1,581.99 times.

The company plans to issue 14.47 million H shares, with public offering accounting for approximately 10% and placement for 90%. The offer price is set at HK$6.15–8.51 per share, with a minimum lot size of 500 shares (entry fee: HK$4,297.91 per lot). Bouge New Materials is expected to commence trading on the Hong Kong GEM on July 8, 2026, with Zhongtai International serving as the exclusive sponsor.