08637 METASURFACE
- 1.470
- -0.950-39.26%
METASURFACE News
New stock - Yuanxu Technology (08637.HK) closed at 1.47 yuan, 39.3% below the listing price.
On the first day of listing, Genext Technology (08637.HK) opened at HKD 1.66, 31.4% lower than the listing price of HKD 2.42. The highest/lowest prices were HKD 1.77/1.47 respectively, and the closing price for the day was HKD 1.47, down 39.3% from the listing price of HKD 2.42. The total trading volume for the day was 21.203 million shares, involving a capital of HKD 36.7662 million. Excluding the handling fee, each lot of 1,000 shares resulted in a loss of HKD 950 on the books. ~
Hong Kong stocks' unusual movement: The first day of Yuan Xu Technology's IPO saw it immediately plummeting, with a sharp drop of 37.6% at one point.
On July 2nd, Greenlight reported that Singaporean precision engineering services provider Elematec Corporation Limited (8637.HK) began trading on the Hong Kong market today, with a intraday drop to 1.51 Hong Kong dollars, down 37.6% from the IPO price of 2.42 Hong Kong dollars. The public offering of Elematec Corporation Limited was oversubscribed by 2479.6 times. Due to the oversubscription of the public offering exceeding 100 times the originally available shares, the 50% callback mechanism was triggered, with 50% of the total shares issued being redistributed to the public offering. According to public information, Elematec Corporation Limited was founded in 2000 and is headquartered in Singapore and is a professional technology company.
On the first day of listing, Xinyuan Technology (08637.HK) opened at 1.66 yuan, 31.4% lower than the listing price.
Yuanxu Technology (08637.HK) closed at 1.72 yuan in the dark market yesterday, 28.9% lower than the IPO price. On the first day of listing today, it opened at 1.66 yuan, which was 31.4% lower than the IPO price of 2.42 yuan, and 9.83 million shares were traded during the opening session.
On the first day of the new stock, Yuánxù Technology opened low, with a total market value of HKD 249 million.
According to previous public information, a total of 30,583 valid applications were received in the public offering stage for Yuan Xu Technology. The number of accepted applications was 6,862, and the percentage of H shares allocated for one hand of subscription is approximately 3.01% of the total number of applications.
Hong Kong IPO News: Today, Yuan Xu Technology listed, and seven stocks including Ark Pharmacy are in the subscription period.
On July 2nd, Yuan Xv Ke Ji (8637.HK) was listed, while Fang Zhou Jian Ke (6086.HK), Xi Rui (2507.HK), Bai Wang Gu Fen (6657.HK), Rui Chang Guo Ji Kong Gu (1334.HK), Ru Qi Chu Xing (9680.HK), Guang Lian Ke Ji Kong Gu (2531.HK), and Sheng Tong Ke Ji (2495.HK) are in the subscription period.
China Briefing HK Stock Investment Journal|July 2nd
Hong Kong stock investment diary | July 2, 2024
The per-share price of YuanXu Technology (08637) is HKD 2.42, and the public offering has received 2480.61 times subscription.
Zhixun Finance APP news, Yuanxu Technology (08637) announced the distribution results, the company sold 27 million shares globally, and both public offering and international offering were 13.5 million shares. The final offering price was HKD 2.42 per share, and the global net proceeds were approximately HKD 12.03 million. Each board lot consists of 1,000 shares, and the expected shares will be traded on the HKEX from 9:00 a.m. on July 2, 2024 (Hong Kong time). Among them, the public offering received 2480.61 times subscription, and the international offering received 1.43 times subscription.
Futu Early Report | The first debate of the 2024 US election is about to begin! Focusing on these four major issues; all eyes on it! The Federal Reserve's favorite inflation indicators will be released tonight.
Bowman reiterated that he is not prepared to cut interest rates until more pronounced inflation recedes; Bank of America: If the yen falls to 164.5, the risk of Japanese authorities intervening in the market will increase; The US Senate committee has launched an investigation into 18 oil producers.
Yuanxu Technology has launched its IPO, with a Singaporean couple controlling the company and focusing on the precision engineering field.
Revenue depends on five major customers.
Yuanxu Technology begins accepting shares today, and will be listed on Hong Kong Stock Exchange on July 2. It is exclusively sponsored by Dahua Securities.
Singapore-based precision engineering service provider Yuan Xu Technology (08637.HK) began seeking for IPO today (June 21) and it is expected to be listed on the Hong Kong Stock Exchange GEM board on July 2, 2024. Dahua Jixian is the exclusive sponsor.
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