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Western Securities: Satellite communication + multi-field applications are expected to create new growth points for the commercial aerospace industry.
Satellite communication combined with multiple applications is expected to create new growth points for the commercial aerospace industry. Looking at the industrial bottlenecks, satellite manufacturing and satellite launches are the main contradictions of current bulk launches, and the industry has great investment value.
Zhonggan Communications (02545.HK): The stable price period has ended, there is no stable price action, and the excess rights issue has expired.
Zhonggan Communication (02545.HK) announced on July 29 that the globally offered stable price period ended on July 27, 2024 (Saturday) (i.e. 30 days after the deadline for submitting Hong Kong public offering applications). The exclusive overall coordinator and exclusive global coordinator (for itself and on behalf of international underwriters) have not exercised the over-allotment option during the stabilisation period, and the over-allotment option has expired on July 27, 2024 (Saturday). Therefore, the company will not issue shares based on the over-allotment option.
HK stocks anomaly | Zhonggan Communication (02545) fell over 14%, hitting a new low since listing, down nearly 70% from the IPO price.
China Gan Communication (02545) fell more than 14%, reaching a new low of HK$0.39 in the IPO, a drop of nearly 70% from the offer price of HK$1.25. As of press time, it fell 14.29% to HK$0.39 with a turnover of HK$12.3149 million.
Hong Kong stocks movement | Zhonggan communication (02545) fell more than 19% in the afternoon, and has fallen more than 60% compared to the issue price after four days of listing.
In the afternoon, Zhonggan communication (02545) fell more than 19%, and it has fallen by more than 60% from the offer price of HK$1.25 in the first four trading days. As of the time of publication, it has fallen 17.27%, with a price of HK$0.455 and a turnover of HK$19.5349 million.
Hong Kong stocks closed on July 5th with the Hang Seng Index down 1.27%. Technology and autos stocks are generally under pressure, while healthcare stocks rose in the afternoon.
According to the Zhītōng Cáijīng APP, the market awaits the release of US non-farm payrolls data for June tonight. The Hong Kong stock market opened slightly higher today before falling, weakly fluctuating throughout the day, and the Hang Seng Index once again fell below the 18,000 level. At the close, the Hang Seng Index fell 1.27%, or 228.67 points, to 17,799.61 points, with a total daily turnover of HKD 90.321 billion; the Hang Seng China Enterprises Index fell 1.37% to 6,382.27 points; and the Hang Seng Tech Index fell 1.45% to 3,596.8 points. Looking at the whole week, the Hang Seng Index has risen by 0.46%, the HSCI has risen by 0.8%, and the HSTI has risen by 1.19%. Guoyuan International pointed out that although
HK Stocks | China Ganxin Communication (02545) fell more than 14%, with stock prices halved in three days of listing. The company has highly concentrated customers.
China Gan Communications (02545) fell more than 14%. The stock plummeted 46% on the first day of listing on Wednesday, and fell again today, hitting a low of 0.58 Hong Kong dollars, half of the IPO price. As of the time of writing, it has fallen 14.71%, with a price of 0.58 Hong Kong dollars and a turnover of 15.8555 million Hong Kong dollars.
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