Hong Kong stock market abnormalities: Guanglianke Technology Holdings (02531) fell more than 5%, falling below the issue price on the second day of listing, and the company's profit margin is under pressure.
On the second day of Guanglian Technology Holding's (02531) listing, the stock fell more than 5%, hitting a low of HKD 4.51, falling below the issue price of HKD 4.7. As of press time, it has fallen 5.21%, at HKD 4.55 with a turnover of 4.4932 million Hong Kong dollars.
Guanglian Technology (02531): Did the stock experience a roller coaster ride on its first day of listing and get trapped in the gray market?
On the first day of Guanglian Technology's listing, the stock price rose sharply and then fell back.
Newly listed IPO, Guanglian Technology Holdings (02531), closed at 4.8 Hong Kong dollars, 2.13% higher than the offering price.
Guanglian Technology Holdings (02531) was first listed at HKD 4.8, which was 2.13% higher than the issue price. The total daily transaction volume was 4.884 million shares, with a turnover of HKD 25.3654 million. Without considering the handling fee, each hand of 500 shares would earn a book profit of HKD 50. The stock opened at HKD 5.48 in the morning, which was 16.60% higher than the issue price. The lowest price was HKD 4.72, and the highest price was HKD 5.6. The latest total market value is HKD 1.76 billion.
Guanglian Technology Holdings (02531) made its debut on the market today with an opening price of up 16.6% in early trading.
Guanglian Technology Holdings Limited (02531) has launched its IPO. According to the announcement, the price per share is HK$4.7 and a total of 63.6 million shares will be issued, with a minimum board lot of 500 shares. The net proceeds from the issuance is about HK$ 0.23027 billion. As of the time of writing, the stock has risen by 16.6% and is trading at HK$ 5.48 with a turnover of HK$ 8.2138 million.
Guanglian Technology Holdings is priced at HKD 4.7 per share, with a public offering oversubscribed 2.49 times.
Guanglian Technology Holdings (02531) announced the distribution results, with 63.6 million shares sold globally, 10% sold publicly in Hong Kong, and 90% sold internationally. The final selling price was HKD 4.7 per share, with approximately HKD 0.23 billion in net proceeds from the global sale. Each lot contains 500 shares, and it is expected that the shares will begin trading on the Hong Kong Stock Exchange at 9:00 a.m. on Monday, July 15, 2024. Hong Kong public sale was oversubscribed 2.49 times, while international sales were oversubscribed 1.06 times.
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Guanglian Technology Holdings (02531.HK) has set the Hong Kong IPO price at HKD 4.7 per share, with a net raise of 0.23 billion Hong Kong dollars.
On July 12, Guolianhui reported that Guanglian Technology Holdings (02531.HK) globally sold 63.6 million shares, each share sold at HKD 4.7, and a net amount of HKD 0.23 billion was raised. The number of shares offered in the Hong Kong public offering accounted for 10.00% of the global offering, with a subscription multiplier of 2.49 times; the number of shares offered in the international offering accounted for 90.00% of the global offering, with a subscription multiplier of 1.06 times. Assuming that the global offering becomes unconditional on Monday, July 15, 2024, at 8:00 am Hong Kong time or earlier, the shares are expected to be available at 9:00 am on Monday, July 15, 2024.
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New stock grey market | Guanglian Technology (02531) rose more than 21% in the early stage of the grey market, earning HKD 500 per lot.
Guanglian Technology (02531) will be listed in Hong Kong on July 15th (Monday).
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According to the statistics from the Zhitong Finance and Economics app, on July 9, 2024, the investment records of the following categories of Hong Kong-listed companies are as follows: Category - Company - New stock activities - GL Technology Holding (in IPO) - Xirui (in IPO) - Baiwang Shares (listing date) - Ark Pharmacy (listing date) - Performance announcement date - ShuangCaiZhuang shareholders' meeting date - CGN Power - Harbin Bank - Johnson Electric Holdings - China Ting - Hengxin Technology - HK Tech Venture - CG Services - Dividends - Media Chinese (dividend date) - Autohome-S (excluding net date) - CH Xinhua Education (dividend date) - Qinhuangdao Port (excluding net date) - Canggang Railway (dividend date) - Nexteer (dividend date) - China State Con.
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HK Stock Investment Journal | July 8th, 2024
Zhitong Hong Kong Stock Investment Journal | July 5th
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China Briefing HK Stock Investment Journal|July 2nd
Hong Kong stock investment diary | July 2, 2024
Zhitoon Hong Kong Stock Investment Diary | July 1
Hong Kong Stock Investment Journal | July 1, 2024
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