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New Gioro RV (00805.HK) will hold a Board of Directors meeting on March 31 to consider and approve the annual performance.
Glory Capital announced on March 19 that New Jihao Recreational Vehicle (00805.HK) will hold a Board of Directors meeting on March 31, 2025 (Monday) to consider and approve the annual performance and its release for the year ending December 31, 2024, as well as to consider the distribution of dividends (if any).
NEW GONOW RV: DATE OF BOARD MEETING
Market Update | Hong Kong stock automotive shares surged, Great Wall Motor rose over 11%, institutions indicate that production and sales nationwide are expected to achieve significant month-on-month growth in March.
Hong Kong stocks in the automobile sector have surged across the board. As of the time of writing, Great Wall Motor is up more than 11%, NIO is up more than 7%, Xpeng Motors is up 4%, Peking Automotive and LEAPMOTOR are both up 2%.
New Gonow RV Ends Stabilization Period, Confirms Public Float Compliance
The period of stable pricing for New GIAO RV (00805.HK) has ended, there will be no stable pricing actions, and the overallotment rights have expired.
On February 7, Glorious Group announced that the stabilization price period for the Global offering ended on February 7, 2025 (Friday), which is the 30th day after the deadline for submitting the application for public offering in Hong Kong. As there was no oversubscription in the international offering, the overall coordinator (for itself and on behalf of the international underwriting agents) did not exercise the over-allotment option during the stabilization price period, and the stabilizing agent or anyone acting on its behalf did not take any stabilization actions during the stabilization price period. The over-allotment option expired on February 7, 2025 (Friday), which is the date of submission.
Hong Kong stocks are moving differently｜Xinjiao RV surged more than 27%. The potential growth space in the RV sector is large and the performance release has sustainability.
On January 17, Glonghui reported that "China's first RV stock" Xinjiang Ao RV (0805.HK) initially surged over 27% to HKD 1.5, with a total market value exceeding HKD 1.4 billion. According to the prospectus, Xinjiang Ao RV is an RV company with an extensive business network in Australia and New Zealand, focusing on the design, development, manufacturing, and sales of customized trailer RVs. According to Frost & Sullivan, based on revenue and sales in 2023, Xinjiang ranks second in market share in the RV industry in both Australia and New Zealand. With the global camping population demonstrating a rapid growth trend, the demand for RVs continues to rise. Factors such as policy, market demand, and technology.
