FilingReader Intelligence

Fibocom wireless H-shares debut, chairman's stake diluted

October 22, 2025 at 05:13 PM UTCBy FilingReader AI

Fibocom Wireless successfully listed its 135,080,200 H-shares on the Main Board of the Hong Kong Stock Exchange on October 22, 2025. This listing, under the stock code "0638" and name "FIBOCOM," significantly increases the company's total share capital.

The listing event, coupled with previous share incentive plans and equity distributions between February 2023 and October 2025, led to the passive dilution of chairman Zhang Tianyu's stake. His total shareholding decreased from 38.05% to 31.26%, spanning several increments and decrements, including a voluntary share reduction in February 2023.

Despite the dilution, Zhang Tianyu remains the controlling shareholder, and this change does not trigger a tender offer. The company's total share capital increased to 900,533,742 shares (before any exercise of the over-allotment option), with A-shares remaining at 765,453,542 shares, now representing 85.00% of the total.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

SZSE:300638Shenzhen Stock Exchange

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