01:44 PM EDT, 10/25/2024 (MT Newswires) -- Samfine Creation Holdings Group ( SFHG ) said Friday the underwriters of its initial public offering have fully exercised their over-allotment option, purchasing an additional 300,000 ordinary shares at $4.00 per share.

The total number of shares sold rose to 2.3 million and increased gross proceeds to $9.2 million, the company said. The option closed Friday.

Samfine plans to use the proceeds to strengthen its printing business in Hong Kong, expand presence in other markets like the US, and invest in automation and equipment upgrades.

Samfine shares were up 4.7% in recent trading.

Price: 9.84, Change: +0.44, Percent Change: +4.68