REPT BATTERO Seeks to Generate HKD794M Net via 11.7% Discounted Share Placement
Share Placement Announcement: REPT BATTERO has announced the placement of 60 million shares at HKD13.35 each, representing approximately 6.42% of enlarged issued H-shares and 2.57% of total issued shares, at an 11.65% discount to the previous closing price.
Use of Proceeds: The company anticipates net proceeds of around HKD794 million from the placement, with 85% allocated for constructing new production facilities and expanding existing capacity, and 15% for working capital.
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Midday Update: HSI Ends at 26,766, Down 156 Points; HSTI at 5,888, Down 45 Points; BEIGENE Rises Over 6%; BEIGENE, CHINAHONGQIAO, MTR CORPORATION, HENDERSON LAND, and GANFENGLITHIUM Reach New Highs
Market Performance: The Hang Seng Index (HSI) fell by 156 points (0.6%) to 26,766, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also experienced declines.
Active Heavyweights: Major stocks like Meituan, Alibaba, Tencent, and Xiaomi saw slight decreases in their share prices, with significant short selling activity reported.
Notable Movers: Beigene and Sino Biopharma recorded substantial gains, with Beigene rising 6.96% to a new high, while China Res Mixc and CNOOC faced notable declines.
Sector Highlights: Samsonite experienced a remarkable increase of nearly 18%, while Starplus Legend and Johnson Electric saw significant drops in their stock prices.
<Daily Summary> HSI Ends at 26,696, Gaining 47 Points; HSTI Finishes at 5,924, Up 8 Points; XPENG Surges Over 17%; PING AN, XPENG, CHINA RES MIXC, HSBC HOLDINGS, ABC Reach New Peaks; Market Turnover Increases
Market Performance: The Hang Seng Index (HSI) rose by 47 points (0.2%) to close at 26,696, with a total market turnover of $210.23 billion.
Active Heavyweights: Notable movements included Alibaba (BABA) down 1.8%, Xiaomi (XIAOMI) up 1.5%, and Tencent (TENCENT) slightly up by 0.1%.
Top Gainers: XPENG saw a significant increase of 17.9%, while other notable gainers included Sinopharm and China Res Mixc, both hitting new highs.
Short Selling Activity: The short selling ratios varied across stocks, with Ping An having a high ratio of 30.9% and several stocks like HSBC and ABC also reaching new highs despite short selling pressures.
Midday Update: HSI Ends at 26,595, Down 53 Points; HSTI at 5,900, Down 14 Points; XPENG Rises Over 15%; HSBC Holdings, AIA, CK Asset, ABC, and Poly Property Reach New Highs
Market Performance: The Hang Seng Index (HSI) fell by 53 points (0.2%) to 26,595, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also experienced declines.
Active Heavyweights: Major stocks like Alibaba, Meituan, and Tencent saw declines, with Alibaba dropping 2.3% and Tencent down 0.8%, while Xiaomi gained 0.7%.
Notable Gainers: XPENG surged by 15.1%, and other stocks like Sinopharm and Baidu also posted significant gains, reflecting positive movements among certain constituents.
Short Selling Trends: High short selling ratios were observed in several stocks, with Baidu and Ping An showing notable activity, indicating investor caution in the market.
REPT BATTERO Seeks to Generate HKD794M Net via 11.7% Discounted Share Placement
Share Placement Announcement: REPT BATTERO has announced the placement of 60 million shares at HKD13.35 each, representing approximately 6.42% of enlarged issued H-shares and 2.57% of total issued shares, at an 11.65% discount to the previous closing price.
Use of Proceeds: The company anticipates net proceeds of around HKD794 million from the placement, with 85% allocated for constructing new production facilities and expanding existing capacity, and 15% for working capital.
<Daily Summary> HSI Gains 494 Points; HSTI Rises 129 Points; BABA Surges Over 4%; ZIJIN MINING, HSBC HOLDINGS, TIANNENG POWER, GF SEC, NETDRAGON Reach New Peaks; Market Activity Increases
Market Performance: The Hang Seng Index (HSI) rose by 494 points (1.9%) to close at 26,622, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also saw gains of 129 points (2.1%) and 151 points (1.6%) respectively, with a total market turnover of $309.10 billion.
Active Heavyweights: Notable stock movements included Alibaba (BABA) up 4.1% to $173.4, Tencent (TENCENT) up 2.5% to $660, and Meituan (MEITUAN) up 2.2% to $102.8, while Xiaomi (XIAOMI) fell 2% to $53.55.
Top Gainers: New Oriental (NEW ORIENTAL) surged 7.9% to $42.56, Zijin Mining (ZIJIN MINING) increased 5.9% to $32.16, and Ali Health (ALI HEALTH) rose 5.3% to $6.54, among other significant gainers in the market.
High Performers in HSMI & HSSI: Rept Battero (REPT BATTERO) jumped 16.1% to $15.11, Tianneng Power (TIANNENG POWER) rose 14.2% to $9.42, and GF Securities (GF SEC) increased 12.5% to $20.16, with several stocks hitting new highs.
<Midday Update> HSI Rises by 365 Points; HSTI Gains 82 Points; BABA Surges Over 3%; GALAXY ENT, HSBC HOLDINGS, TIANNENG POWER, CALB, NEXTEER Reach Record Highs
Market Performance: The Hang Seng Index (HSI) rose by 365 points (1.4%) to 26,494, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also saw gains of 82 points (1.3%) and 98 points (1.1%) respectively.
Active Heavyweights: Notable stock movements included Alibaba (BABA) up 3.1%, Tencent (TENCENT) up 1.9%, and Xiaomi (XIAOMI) down 2.1%, with significant short selling activity across these stocks.
Top Gainers: Sands China Ltd and New Oriental both experienced substantial increases of 5.6% and 5.5% respectively, while several other stocks like AIA and Galaxy Entertainment also saw notable gains.
High Performers in HSMI & HSSI: Stocks such as Rept Battero and Tianneng Power achieved impressive gains of 17.97% and 14.55%, with several stocks hitting new highs during the trading session.
Midday Update: HSI Ends at 26,766, Down 156 Points; HSTI at 5,888, Down 45 Points; BEIGENE Rises Over 6%; BEIGENE, CHINAHONGQIAO, MTR CORPORATION, HENDERSON LAND, and GANFENGLITHIUM Reach New Highs
Market Performance: The Hang Seng Index (HSI) fell by 156 points (0.6%) to 26,766, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also experienced declines.
Active Heavyweights: Major stocks like Meituan, Alibaba, Tencent, and Xiaomi saw slight decreases in their share prices, with significant short selling activity reported.
Notable Movers: Beigene and Sino Biopharma recorded substantial gains, with Beigene rising 6.96% to a new high, while China Res Mixc and CNOOC faced notable declines.
Sector Highlights: Samsonite experienced a remarkable increase of nearly 18%, while Starplus Legend and Johnson Electric saw significant drops in their stock prices.
<Daily Summary> HSI Ends at 26,696, Gaining 47 Points; HSTI Finishes at 5,924, Up 8 Points; XPENG Surges Over 17%; PING AN, XPENG, CHINA RES MIXC, HSBC HOLDINGS, ABC Reach New Peaks; Market Turnover Increases
Market Performance: The Hang Seng Index (HSI) rose by 47 points (0.2%) to close at 26,696, with a total market turnover of $210.23 billion.
Active Heavyweights: Notable movements included Alibaba (BABA) down 1.8%, Xiaomi (XIAOMI) up 1.5%, and Tencent (TENCENT) slightly up by 0.1%.
Top Gainers: XPENG saw a significant increase of 17.9%, while other notable gainers included Sinopharm and China Res Mixc, both hitting new highs.
Short Selling Activity: The short selling ratios varied across stocks, with Ping An having a high ratio of 30.9% and several stocks like HSBC and ABC also reaching new highs despite short selling pressures.
Midday Update: HSI Ends at 26,595, Down 53 Points; HSTI at 5,900, Down 14 Points; XPENG Rises Over 15%; HSBC Holdings, AIA, CK Asset, ABC, and Poly Property Reach New Highs
Market Performance: The Hang Seng Index (HSI) fell by 53 points (0.2%) to 26,595, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also experienced declines.
Active Heavyweights: Major stocks like Alibaba, Meituan, and Tencent saw declines, with Alibaba dropping 2.3% and Tencent down 0.8%, while Xiaomi gained 0.7%.
Notable Gainers: XPENG surged by 15.1%, and other stocks like Sinopharm and Baidu also posted significant gains, reflecting positive movements among certain constituents.
Short Selling Trends: High short selling ratios were observed in several stocks, with Baidu and Ping An showing notable activity, indicating investor caution in the market.
REPT BATTERO Seeks to Generate HKD794M Net via 11.7% Discounted Share Placement
Share Placement Announcement: REPT BATTERO has announced the placement of 60 million shares at HKD13.35 each, representing approximately 6.42% of enlarged issued H-shares and 2.57% of total issued shares, at an 11.65% discount to the previous closing price.
Use of Proceeds: The company anticipates net proceeds of around HKD794 million from the placement, with 85% allocated for constructing new production facilities and expanding existing capacity, and 15% for working capital.
<Daily Summary> HSI Gains 494 Points; HSTI Rises 129 Points; BABA Surges Over 4%; ZIJIN MINING, HSBC HOLDINGS, TIANNENG POWER, GF SEC, NETDRAGON Reach New Peaks; Market Activity Increases
Market Performance: The Hang Seng Index (HSI) rose by 494 points (1.9%) to close at 26,622, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also saw gains of 129 points (2.1%) and 151 points (1.6%) respectively, with a total market turnover of $309.10 billion.
Active Heavyweights: Notable stock movements included Alibaba (BABA) up 4.1% to $173.4, Tencent (TENCENT) up 2.5% to $660, and Meituan (MEITUAN) up 2.2% to $102.8, while Xiaomi (XIAOMI) fell 2% to $53.55.
Top Gainers: New Oriental (NEW ORIENTAL) surged 7.9% to $42.56, Zijin Mining (ZIJIN MINING) increased 5.9% to $32.16, and Ali Health (ALI HEALTH) rose 5.3% to $6.54, among other significant gainers in the market.
High Performers in HSMI & HSSI: Rept Battero (REPT BATTERO) jumped 16.1% to $15.11, Tianneng Power (TIANNENG POWER) rose 14.2% to $9.42, and GF Securities (GF SEC) increased 12.5% to $20.16, with several stocks hitting new highs.
<Midday Update> HSI Rises by 365 Points; HSTI Gains 82 Points; BABA Surges Over 3%; GALAXY ENT, HSBC HOLDINGS, TIANNENG POWER, CALB, NEXTEER Reach Record Highs
Market Performance: The Hang Seng Index (HSI) rose by 365 points (1.4%) to 26,494, while the Hang Seng Tech Index (HSTI) and the Hang Seng China Enterprises Index (HSCEI) also saw gains of 82 points (1.3%) and 98 points (1.1%) respectively.
Active Heavyweights: Notable stock movements included Alibaba (BABA) up 3.1%, Tencent (TENCENT) up 1.9%, and Xiaomi (XIAOMI) down 2.1%, with significant short selling activity across these stocks.
Top Gainers: Sands China Ltd and New Oriental both experienced substantial increases of 5.6% and 5.5% respectively, while several other stocks like AIA and Galaxy Entertainment also saw notable gains.
High Performers in HSMI & HSSI: Stocks such as Rept Battero and Tianneng Power achieved impressive gains of 17.97% and 14.55%, with several stocks hitting new highs during the trading session.
