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Sunho Biologics' Unit Enters Subscription Letters
Sunho Biologics' (HKG:2898) subsidiary Sunho (HK) agreed to subscribe to Prudent Wealth, Vanguard, and North Rock funds for $7.5 million each, a Friday filing with the Hong Kong Exchange said. Accordi
Shenghe Biotech-B (02898) associated with the proposed subscription fund.
Shenghe Biotech-B (02898) issued an announcement on the Smart Finance app that on June 28, 2024, its indirect wholly-owned subsidiary Sunho HK (as a subscriber) entered into a subscription letter. Sunho HK agrees to subscribe to the funds (North Rock, Prudent Wealth, and Vanguard) according to the terms of the subscription letter. In order to improve fund efficiency and increase fund operating returns, the group will reasonably use its surplus cash to subscribe to these funds for financial management purposes to earn additional income without affecting normal operations.
Hong Kong Shares End Week in Red; Sunho Biologics Gains in Debut
Hong Kong stocks finished lower on Friday, extending losses seen in previous sessions this week, as rate cut worries continue to dampen investor sentiment. The Hang Seng Index declined 1.38%, or 259.7
Sunho Biologics Shares Rise 7% in Hong Kong Debut
Sunho Biologics (HKG:2898) made a strong trading debut in Hong Kong Friday morning as its shares rose 7% at the opening bell. The clinical-stage biotech firm opened at HK$14.46 per share, above its IP
IPO Announcement | Shenghe Bio-B (02898) was subscribed 10.08 times in public sale and listed on May 24
The company sold 34.1518 million shares globally, with the Hong Kong public offering accounting for 10% and the international offering accounting for 90%. The final sale price was HK$13.5 per share, with a net raise of approximately HK$391.6 million from the global offering
Sunho Biologics Files Prospectus for IPO
Sunho Biologics filed a prospectus for its upcoming initial public offering on the Hong Kong bourse, with about 34.2 million shares available for HK$13.5 apiece, plus charges, according to a filing wi
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