Seres Group lists H shares on Hong Kong exchange

Seres Group Corporation Limited (SSE:601127) announced the successful listing of its H shares on the Main Board of The Stock Exchange of Hong Kong Limited, with trading commencing on November 5, 2025. The company’s H shares will be traded under the English name “SERES” and stock code “9927.”

The global offering comprised a total of 108,619,000 H shares before the exercise of the over-allotment option. This includes 10,861,900 shares offered in Hong Kong, representing 10.00% of the total, and 97,757,100 shares in the international offering, accounting for 90.00%. Based on an offer price of HK$131.50 per H share, and assuming the over-allotment option is not exercised, the company anticipates net proceeds of approximately HK$14.016 bn after deducting underwriting commissions and estimated expenses.

Following the H-share listing, Seres Group's total shares will increase to 1,741,985,086 if the over-allotment option is not exercised, with H shares constituting 6.24% of the total. If the over-allotment option is fully exercised, total shares will reach 1,758,277,886, with H shares representing 7.10%. Major shareholders’ proportionate holdings will adjust accordingly, with Chongqing Sokon Holdings Co., Ltd. seeing its stake decrease from 24.52% to 22.99% without over-allotment, or 22.78% with full over-allotment.