HK stock anomaly | Joy Spreader Group (02540) falls more than 9%, the main revenue comes from mobile advertising services. The company has a high ownership concentration.

According to the Wisdom Financial APP, Lexi Group (02540) fell more than 9%, and the stock price rose more than 112% in the first two trading days. As of the time of publication, it fell 9.02% to HKD 2.22, with a turnover of HKD 15,776,200. It is reported that Lexi Group's performance in 2023 showed a revenue of RMB 628 million (the same below), an increase of 27.5% year-on-year. The increase in revenue is mainly due to the increase in customer demand for mobile advertising solutions. As of December 31, 2023, the company's revenue from mobile advertising solutions services increased by 32% year-on-year.

Zhitong FinanceJun 12 22:38 ET

HKEX Market Update: Leshi Group (02540) soared by 50%, with the two-day stock price nearly doubled. The company focuses on mobile advertising services.

Lesi Group (02540) soared 50%, with a cumulative increase of 96% in two trading days. As of press time, it rose 47.37% to HKD 2.24, with a turnover of HKD 29.4818 million.

Zhitong FinanceJun 12 02:20 ET

HKEX Movement | Lesi Group (02540) jumped over 30%, with a year-on-year revenue growth of 27.5% and a 30% increase in mobile advertising revenue.

Lees International Group (02540) soared by over 30%. At the time of writing, it had risen by 29.57%, with a price of HKD 1.45 and a turnover of HKD 6.1163 million.

Zhitong FinanceJun 10 23:19 ET

LESI GROUP: 2023 ANNUAL REPORT

Hong Kong Stock ExchangeApr 29 18:06 ET · Announcements

Lesi Group IPO Stabilization Period Ends

MT NewswiresApr 4 23:37 ET

Lexi Group (02540): End of price stabilization period, lack of price stabilization actions, and expiration of over-allotment rights

Zhitong Finance App News, Lexi Group (02540) announced that the stable price period for global sales ended on April 4, 2024 (Thursday) (that is, the 30th day after the deadline for submitting the Hong Kong Public Sale Application). The joint overall coordinators (for themselves and on behalf of international underwriters) did not exercise the over-allotment right during the price stabilization period, and the over-allotment right expired on April 4, 2024 (Thursday). As a result, the company does not and will not issue shares based on over-allotment rights. Immediately after the end of the price stabilization period, the company complied with and will continue to comply with section 8.08 (1) (a) of the Listing Rules

Zhitong FinanceApr 4 19:18 ET