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HK stocks unusual movement | New stock Crystal Electronic Technology (02551) rose more than 53% intraday, with nearly 40% of the company's revenue coming from Geely Group enterprises.
New stock Crystal International Group (02551) surged more than 53% intraday. As of the time of publication, it increased by 43.21%, closing at HKD 5.17, with a turnover of 0.317 billion Hong Kong dollars.
Jingke Electronics Co., Ltd. made its debut on the stock market, with its stock price rising by 26.04%.
Crystal Electronics Co., Ltd. (02551) debuted on the stock market. The announcement shows that the pricing is 3.61 Hong Kong dollars per share, with a total issue of 38.64 million shares, in lots of 1000 shares each. The net proceeds are expected to be approximately 82.25 million Hong Kong dollars. As of the time of publication, the stock price has risen by 26.04%, now at 4.55 Hong Kong dollars, with a trading volume of 0.119 billion Hong Kong dollars.
New stock first day | Crystal Electronics Co., Ltd. (02551) first listed Morning trading opened 16.34% higher.
Crystal Electronic (02551) made its first listing. The announcement shows that the price per share is 3.61 Hong Kong dollars, with a total of 38.64 million shares issued, in units of 1,000 shares per lot. The net proceeds are expected to be approximately 82.25 million Hong Kong dollars. As of the time of publication, it has risen by 16.34% to 4.2 Hong Kong dollars, with a trading volume of 81.4701 million Hong Kong dollars.
Express News | Shares of Apt Electronics Set to Open at HK$4.2 Each in Hong Kong Debut Vs Offer Price of HK$3.61 Apiece
APT Electronics Raises HK$82 Million in IPO Net Proceeds Ahead of Nov. 8 Trading Debut in Hong Kong
The Hong Kong IPO of Crystal Electronic Technology Co., Ltd. (02551.HK) is priced at HK$3.61 per share, raising a net of HK$82.25 million.
On November 7th, Geolonghui announced that Jinko Electronics (02551.HK) globally sold 38.64 million H shares, with each H share priced at 3.61 Hong Kong dollars, resulting in a net amount of 82.25 million Hong Kong dollars. The number of shares publicly sold in Hong Kong accounts for 50.00% of the total global offering, with a subscription rate of 5677.83 times; the number of shares sold internationally accounts for 50.00% of the total global offering, with a subscription rate of 6.95 times. Assuming the global offering becomes unconditional on the morning of November 8, 2024 (Friday) at 8:00 am or earlier (Hong Kong time), H shares are expected to be listed on November 8, 2024 (Friday).
