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Tongyuan Kang Pharmaceutical-B (02410.HK) applies for full circulation of H shares.
Kang Pharmaceuticals-B (02410.HK) announced that on September 13, 2024, the company has submitted an application to the China Securities Regulatory Commission for the conversion of 0.174 billion non-listed shares into H shares and the listing of these shares on the Hong Kong Stock Exchange. After obtaining record-filing and/or approval from all relevant regulatory institutions (including but not limited to the China Securities Regulatory Commission and the Hong Kong Stock Exchange), and complying with all applicable laws, regulations, and rules, these non-listed shares will be converted into H shares and be eligible for trading on the main board of the Hong Kong Stock Exchange.
TYK Medicines Logs Wider Attributable Loss in H1
Tongyuan Kang Pharmaceutical-B (02410.HK) mid-term R&D costs increased by 0.138 billion yuan, a year-on-year increase of 15.3%.
According to the announcement of Tongyuan Kang Medicine-B (02410.HK) on August 30th, during the six months ended on June 30, 2024 and 2023, the group did not generate any revenue. During this period, research and development costs were RMB 137,758,000, a year-on-year increase of 15.3%. The increase was mainly attributed to the increase in experimental and testing expenses, especially the increase in experimental and testing expenses related to the development of core products. The loss for the reporting period increased by 26.3% from RMB 173,849,000 for the six months ended on June 30, 2023 to RMB 0 for the six months ended on June 30, 2024.
Performance: Sinopharm Group Medical - B (02410.HK) half-year loss increased to 0.219 billion RMB.
Same Source Kang Medicine - B (02410.HK) announced its interim performance as of the end of June, with no recorded revenue during the period. The loss widened to 0.219 billion yuan, compared to a loss of 0.174 billion yuan in the same period last year. The loss per share was 0.68 yuan. No dividend will be paid. The company's research and development costs during the period reached 0.138 billion yuan, an increase of 15.3% year-on-year, while administrative expenses increased by 80.8% to 40.1 million yuan.
TYK MEDICINES-B: INTERIM RESULTS ANNOUNCEMENTFOR THE SIX MONTHS ENDED JUNE 30, 2024
Hong Kong IPO Weekly Report: Same-origin Kang Pharmaceuticals rose nearly 80% in the first week of listing, Guangzhou Jingke Electronics submitted its application to the Hong Kong Stock Exchange.
Why is the market paying so much attention to the pharmaceutical company Tongyuan Kang Medicine, which has risen nearly 80% in its first week of listing? What are the highlights of Guangzhou Jingke Electronics' submission to the Hong Kong Stock Exchange?
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