Hong Kong stocks movement | Q TECH (01478) rose nearly 3% as it participates in a private placement by a joint venture company and intends to subscribe for 20 million shares issued by New Giant Technology.

Q TECH (01478) rose nearly 3%, as of the time of writing, it increased by 2.6%, reaching HKD 6.71, with a trading volume of HKD 8.3861 million.

Zhitong FinanceDec 20 09:47

Hong Kong stocks closed (12.19) | The Hang Seng Index closed down 0.56% with the Aviation/airlines Industry strong throughout the day and Tencent Related stocks soaring in the afternoon.

The Federal Reserve's hawkish interest rate cut has significantly impacted the U.S. stock market, while Hong Kong stocks have also declined today along with the external environment, with the three major Indexes all falling over 1% in the morning session, and the decline narrowing in the afternoon.

Zhitong FinanceDec 19 16:36

Q TECH (01478.HK) participates in the new joint venture with Jinju Technology in a placement totaling 0.42 billion New Taiwan Dollars.

Q TECH (01478.HK) announced its participation in a joint private placement, subscribing for 20 million shares of NewTech at a placement price of 21 New Taiwan dollars per share, involving a total amount of approximately 0.42 billion New Taiwan dollars (about 94.08 million RMB). After completion, the company will Hold approximately 41.8% of NewTech’s equity.

AASTOCKSDec 18 23:40

Q Technology (Group) to Further Increase Stake in Associate

MT NewswiresDec 18 19:52

Q TECH (01478.HK) entered into a share subscription agreement with New Giant Technology.

Q TECH (01478.HK) announced that on December 18, 2024, the company entered into a share subscription agreement with its associate company, New Giant Technology Co., Ltd. (New Giant Technology), which is listed on the Taiwan Over-the-Counter Securities Exchange with stock code: 3630. According to this agreement, New Giant Technology has conditionally agreed to issue, and the company has conditionally agreed to subscribe for 20 million common shares to be issued by New Giant Technology, which is approximately 9.8% of the total number of common shares issued by New Giant Technology after the private placement.

Gelonghui FinanceDec 18 18:38

IDC predicts that next year, the shipment volume of Smart Phones in China will increase by 1.6% year-on-year.

IDC Consulting published a research report on the top ten insights for the China Smart Phone market in 2025, pointing out the central government's determination to improve market confidence, promote economic stabilization and recovery, which will stimulate Consumer spending, and may increase subsidies for Smart Phones, encouraging more Consumers to upgrade their devices. Currently, it is forecasted that the shipment volume in the China Smart Phone market will reach 0.289 billion units in 2025, representing a year-on-year growth of 1.6%, with the shipment volume remaining stable in the coming years. IDC noted that the performance of the China Smart Phone market has steadily recovered since the fourth quarter of last year, and the pent-up demand for upgrades that has accumulated over the past three years is gradually being released, despite negative factors such as economic weakness and rising costs.

AASTOCKSDec 17 09:28