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Hong Kong stocks unusual movement | xinming china (02699) opened over 266% higher after resuming trading, with year-on-year narrowing losses in the first half of last year.
xinming china (02699) opened over 266% higher after resumption of trading, as of the time of publication, it increased by 266.67%, closing at 0.044 Hong Kong dollars, with a turnover of 0.1198 million Hong Kong dollars.
Xinming China (02699.HK): Achieved resumption guidance and will resume trading on October 28.
Grants issued on October 27: xinming china (02699.HK) announced that the board of directors happily informed the company's shareholders and investors that the company has reached the resumption guidance issued by the Stock Exchange. At the company's request, trading in the company's shares has been suspended on the Stock Exchange since nine o'clock in the morning on April 3, 2023. As all the conditions stipulated in the resumption guidance have been met, the company has applied to the Stock Exchange to resume trading in the company's shares from nine o'clock in the morning on October 28, 2024.
Xinming China Holdings Set to Resume Trading
xinming china (02699.HK): The Stock Exchange is currently reviewing the resumption proposal.
According to a Xinhua China (02699.HK) announcement on October 2, the group is mainly engaged in (i) property development and sales and (ii) leasing Chinese properties to generate potential rental income and/or capital appreciation. Although trading of the company's shares has been suspended, the company continues to operate as usual. The company has submitted a resumption proposal to the Hong Kong Stock Exchange to apply for the resumption of trading of its shares. As of the date of this announcement, the Hong Kong Stock Exchange is reviewing the resumption proposal.
Many real estate stocks surged by over 60%! On the first day of the new policies in Beijing, Shanghai, Guangzhou, and Shenzhen, some people even "bought houses in the air" overnight!
After the opening of the Hong Kong stock market, the real estate sector has the highest increase, with more than several individual stocks still rising by over 60% as of the time of writing.
《Performance》xinming china (02699.HK) narrowed its losses to 0.251 billion RMB in the last interim period and did not pay dividends.
Xinming China (02699.HK) announced unaudited interim results for the period ending June of last year, with revenue of 0.233 billion yuan, an increase of 905.7% year-on-year. The loss narrowed to 0.251 billion yuan, compared to a loss of 0.94 billion yuan in the same period last year; loss per share was 0.134 yuan. No dividend will be distributed.
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