China International Capital Corporation: The internationalization level of domestic chemical industry leading enterprises is relatively low, and the route of capacity going abroad is a must.

Exporting production capacity is an important way for Chinese chemical enterprises to promote international development, expand markets, and achieve win-win cooperation, and it is also a necessary path for excellent Chinese chemical enterprises to further grow and strengthen.

Zhitong FinanceJul 3 23:04 ET

[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...

金吾財訊Jul 3 05:07 ET

Hong Kong Stock market fluctuation | The new stock Wuhan Organic (02881) had its closing increase narrowed to 25%. The company is the largest manufacturer of benzoic acid and sodium benzoate in China.

According to the Wisdom Finance APP, the new stock Wuhan Organic (02881) was listed today, with an early morning high opening of 79.64%, and the increase narrowed in the afternoon. As of press time, it rose by 27.27%, to HKD 7, with a turnover of HKD 84.1571 million. It is said that Wuhan Organic is a well-known supplier of toluene derivatives for China and global markets, mainly focusing on the production of toluene oxidation and chlorination products, benzoic acid amination products and other fine chemical products through organic synthesis processes. As of the final feasible date, the company's self-produced product portfolio mainly includes five toluene oxidation products, two toluene chlorination products, and two benzoic acid amination products.

Zhitong FinanceJun 18 03:52 ET

New stock first day | Wuhan Organic (02881) launched its first listing and opened at 79.64% in early trading.

Wuhan Organic (02881) made its debut on the stock market. According to the announcement, it was priced at HK$5.5 per share and issued a total of 18.3 million shares. Each lot consists of 500 shares and the net proceeds are approximately HK$25.85 million. As of the time of writing, the stock has risen 79.64%, to HK$9.88, with a turnover of HK$21.1044 million.

Zhitong FinanceJun 17 21:22 ET

WiseStock HK Morning News: Taiwan Semiconductor will raise prices for advanced processes and advanced packaging. BYD Electronic (00285) has the potential to enter the Nvidia industry chain.

According to media reports, Taiwan Semiconductor will increase prices for 3nm and 5nm advanced processes and advanced packaging due to production capacity being unable to meet demand.

Zhitong FinanceJun 17 19:42 ET

Wuhan Organic has a public offering price of HKD 5.5 per share and received 337.57 times oversubscription.

Wuhan Orgnic (02881) announced the results of the distribution. The company sold approximately 18.3 million shares globally, with 17.78% sold publicly in Hong Kong and 82.22% sold internationally. The final offer price was HKD 5.5 per share, raising approximately HKD 25.85 million net for global sale. Each lot consists of 500 shares, and it is expected that the shares will start trading on the Stock Exchange of Hong Kong at 9:00 a.m. on June 18, 2024 (Friday). The public offering in Hong Kong was oversubscribed 337.57 times, while the international offering was oversubscribed 0.92 times.

新浪港股Jun 17 19:16 ET