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Cloud Factory (02512.HK) will hold a board of directors meeting on August 27 to approve its mid-term performance.
On August 14th, Gelunhu announced that Yun Gongchang (02512.HK) will hold a board of directors meeting on August 27, 2024, to consider and approve the interim performance announcement of the group for the six months ending June 30, 2024, as well as to consider recommending the payment of interim dividends (if any).
CLOUD FACTORY: DATE OF BOARD MEETING
Cloud Factory's Stabilization Period Ends Without Action
The stabilization price period for Yunji Inc. (02512.HK) has ended, and no measures have been taken to stabilize prices or the over-allotment option has expired.
On July 11th, Gelonhui announced that the globally stable price period has ended on July 11, 2024 (30 days after the deadline for submitting the Hong Kong public offering application on Thursday). The overall coordinator (for itself and on behalf of international underwriters) did not exercise the over-allotment rights during the stabilization period, and the over-allotment rights have expired on July 11, 2024. Therefore, the company has not and will not issue shares based on the over-allotment rights.
[IPO Monthly Report] The Hong Kong IPO market saw a surge in subscription popularity and a significant decrease in the rate of IPOs breaking below the issue price in June. The expectations of the "Big Four" were mixed with both sorrow and joy.
In the first half of 2024, Hong Kong's IPO market continued its recent sluggish trend due to external market factors, global economic uncertainty, and cautious investor sentiment. The "Big Four" lowered their forecast for Hong Kong's annual IPO fundraising at the beginning of the year, but PwC expects Hong Kong's new IPO fundraising to exceed HKD 100 billion this year. PwC stated that the reduction in bearish factors, high demand for funding for business development, and the end of the interest rate hike cycle will bring back funds from Europe, America, and the Middle East to Asia, which is beneficial for market liquidity and valuation improvement. After six months of market baptism, PwC finally gave in and lowered Hong Kong's...
Cloud Factory Technology Slumps 17% in Hong Kong Debut
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