News: GUOXIA TECH's first listing closed up more than double
I'm PortAI, I can summarize articles.
GUOXIA TECH Co., Ltd. was listed for the first time in Hong Kong, with the opening stock price soaring by 89%. It closed at HKD 45.9 at noon, up 128% from the issue price. The company issued 38.93 million shares at a price of HKD 20.1 per share, raising a net amount of HKD 700 million. The public offering was oversubscribed by 1,890 times, and the international placement was oversubscribed by 2.6 times. GUOXIA TECH was established in 2019, primarily engaged in energy storage systems, and its revenue grew tenfold to HKD 690 million in the first half of this year, achieving a profit of HKD 5.575 million, but the net profit margin was only 0.8%
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: BambooWorks The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments