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Rongli Construction (09639.HK) proposes to acquire Hong Kong New Territories properties for 43.36 million Hong Kong dollars.
Glory Construction (09639.HK) announced on November 25 that on November 25, 2024, the buyer, Glory Group (Holdings) Limited (an indirect wholly-owned subsidiary of the company), the seller Qicai Limited, and their agent entered into a temporary purchase agreement, whereby the seller agreed to sell and the buyer agreed to acquire the property for a price of 43.36 million Hong Kong dollars.
Express News | Wing Lee Development Construction - Unit to Property for HK$43.4 Mln
Ryoden Construction (09639.HK) plans to hold a board of directors meeting on November 29 to approve the interim performance.
Gelonghui reported on November 19 that Rongli Construction (09639.HK) announced that a board of directors meeting will be held on November 29, 2024 (Friday) to consider and approve the group's unaudited interim results for the six months ended September 30, 2024, its publication, the proposal for the distribution of an interim dividend (if any), and to handle any other matters.
WING LEE DEV: Notice of Board Meeting
[IPO Monthly Report] The hot market for Hong Kong IPOs in October remains unabated. The oversubscription ratio of Karotex was 1346 times, and China Resources Beverage may become the "capital freezing king" of the year.
In September, Midea Group Co., Ltd. (00300) raised 35.7 billion yuan, becoming the largest in the Hong Kong stock market since February 2021, the largest in Asia in the first three quarters of 2024, and the second largest in the world by 2024. The Chief Executive Officer of HKEX, Bonnie Chan Yi-Ting, stated: "Recently, the HKEX welcomed the largest in Asia and the second largest in the world in terms of new stock listings this year. Refinancing activities are also very active, demonstrating the depth and attractiveness of our market. The number of new stock listing applications further consolidates Hong Kong's position as the preferred new stock fundraising center in Asia. In addition, Alibaba has converted to a dual primary listing and was subsequently included in the Stock Connect."
Hong Kong stocks closed (10.09) | Hang Seng Index fell by 1.38%, brokerages, infrastructure, shipping stocks continued to decline. Meituan-W (03690) rose against the trend.
The State Council Information Office will hold a press conference on Saturday at noon to introduce the relevant situation of "increasing the intensity of fiscal policy countercyclical adjustment and promoting high-quality economic development". The three major Hong Kong stock indexes rebounded in the afternoon, with all of them falling more than 3% in the early session, but then falling back again in the late session.
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