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Hong Kong stock market news for December 24: The three major US Indexes closed higher. HKEX has a half-day trading session due to Christmas.
① Consumer confidence in the USA has declined for the first time in three months. ② The three major US stock indices collectively closed higher on Monday, with most China Concept Stocks showing strength. ③ Musk criticized the Federal Reserve, claiming there are absurdly many employees under Powell. ④ The NASDAQ 100 Index is rebalanced, with the weight of Tesla, Meta, and Broadcom decreasing. ⑤ HKEX will have a half-day Trade session on Christmas Eve.
YINCHENG INTL (01902.HK) had total contract sales of approximately 0.31 billion yuan in November.
On December 23, Gelonghui announced that YINCHENG INTL (01902.HK) reported that the total contracted sales amount for the group along with its joint ventures and associated companies for November 2024 is approximately RMB 310.2 million, with a contracted construction area of about 13,613 square meters and an average contracted selling price of approximately RMB 22,787 per square meter. From January to November 2024, the total contracted sales amount for the group along with its joint ventures and associated companies is approximately RMB 2,913.8 million, with a total contracted construction area of about 163,870 square meters and an average contracted selling price of RMB per square meter.
Express News | Yincheng International Holding - Nov Aggregated Contracted Sales RMB310.2 Mln
yincheng intl (01902.HK) is currently taking all necessary measures to resolve the issues causing the suspension of stock trading.
On November 29, Gelonghui reported that yincheng intl (01902.HK) announced that the company is currently taking all necessary measures to resolve the issue that has led to the suspension of trading of its shares, as well as to comply with the listing rules in order to gain the trust of the Hong Kong Stock Exchange, and will seek to resume trading of its shares as soon as possible, if feasible. The suspension of trading continues.
Yincheng intl (01902.HK) received additional listing resumption guidance and remains suspended.
On November 21, Gelonghui reported that yincheng intl (01902.HK) announced it received a letter from the Stock Exchange dated November 18, 2024, which outlines the following additional resumption guidelines for the company to comply with: re-compliance with Listing Rule 3.10(1), 3.10A, 3.21, 3.25, and 3.27A. The Stock Exchange has indicated that the company must remedy significant issues that led to the suspension of trading in its securities before its shares are allowed to resume trading, and fully comply with Listing Rules as trusted by the Stock Exchange. Accordingly, the company must take primary responsibility for the action plan for resumption.
Yincheng Intl: Delayed Release of 2023 Mid-Year and Full-Year Performance.
Yincheng Intl. (01902) announced that the publication of the mid-year performance and full-year performance for 2023, as well as the mailing of the mid-year report and annual report for 2023, will be delayed. Due to the delayed publication of the mid-year performance and full-year performance for 2023, and the fact that the mid-term performance for 2024 will contain some financial data from the mid-year performance and full-year performance for 2023, the company expects that it will not be able to publish the mid-year performance and mail the mid-year report for 2024 within the time limit specified in the listing rules. The company's shares will continue to be suspended from trading.
