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Hong Kong stocks are fluctuating | Car Dealers continue to rebound, with the inventory warning Index in December hitting a new low in 24 years. The industry's transition to electric vehicle distribution helps improve corporate financial statements.
Car dealers continue to rebound; as of the time of reporting, YONGDA AUTO (03669) rose by 5.86%, priced at 2.53 HK dollars; ZHONGSHENG HLDG (00881) increased by 4.11%, priced at 12.66 HK dollars; MEIDONG AUTO (01268) went up by 2.35%, priced at 2.18 HK dollars; HARMONY AUTO (03836) increased by 1.92%, priced at 0.53 HK dollars.
MEIDONG AUTO: All outstanding Bonds have been redeemed and canceled.
MEIDONG AUTO (01268) announced that, as of the date of this announcement, all outstanding Bonds (with a total principal amount of 1.873 billion HKD) have been redeemed and cancelled, and there are currently no outstanding issued Bonds. In accordance with rule 37.50(b) of the Listing Rules, the company has applied to the Stock Exchange for the withdrawal of the listing status of the Bonds, which is expected to take effect at the end of trading hours on January 22, 2025.
MEIDONG AUTO (01268.HK) fully redeemed and cancelled the zero-coupon guaranteed convertible Bonds amounting to 2.75 billion Hong Kong dollars due in 2027.
Glory Network reported on January 14 that MEIDONG AUTO (01268.HK) announced the issuance of guaranteed zero-coupon convertible bonds with a maturity date in 2027, totaling 2.75 billion Hong Kong dollars; as of the date of this announcement, all outstanding bonds (with a total principal amount of 1.87 billion Hong Kong dollars) have been redeemed and canceled, and currently, there are no outstanding issued bonds. According to Listing Rule 37.50(b), the company has applied to the Stock Exchange to withdraw the listing status of the bonds, which is expected to take effect at the end of trading hours on January 22, 2025.
China MeiDong Auto Holdings Limited's (HKG:1268) Top Key Executive Fan Ye Is the Most Upbeat Insider, and Their Holdings Increased by 15% Last Week
Hong Kong stocks are moving | Car dealers are rising sharply, grand baoxin (01293) is currently up nearly 85%. Luxury car dealers are collectively transforming into new energy fund.
Auto retailers experienced significant gains; as of the time of this report, grand baoxin (01293) rose by 84.78%, priced at 0.255 HKD; meidong auto (01268) increased by 10.22%, priced at 2.48 HKD; yongda auto (03669) climbed by 5%, priced at 2.31 HKD; zhongsheng hldg (00881) grew by 1.86%, priced at 17.5 HKD.
meidong auto (01268.HK) has had its shareholding reduced by 3.684 million shares by FIDELITY FUNDS.
On December 3, Gelonghui reported that according to the latest equity disclosure data from the Hong Kong Stock Exchange, on November 27, 2024, meidong auto (01268.HK) had 3.684 million shares sold by FIDELITY FUNDS in the market at an average price of HKD 2.3152 per share, involving approximately HKD 8.5292 million. After the shareholding reduction, the latest number of shares held by FIDELITY FUNDS is 94.14 million shares, and the shareholding ratio decreased from 7.27% to 6.99%.
When Should You Buy China MeiDong Auto Holdings Limited (HKG:1268)?
