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Joycreate Technology climbs 8% on board renewal, overallotment

Joycreate Technology (6802.HK) climbed 7.68% in Hong Kong trading to HK$94.65.

The company recently unveiled its second-term board renewal plan, nominating nine candidates as non-employee directors — three executive, two non-executive and four independent non-executive — for three-year terms pending shareholder approval. Separately, the overallotment option from its initial public offering was exercised in full by the overall coordinators, raising approximately HK$102 million.

The recently listed stock has gained more than 19% over the past five trading sessions and is up over 63% from its IPO price. The broader market opened higher, with the Hang Seng Index adding 0.19% and the Hang Seng Tech Index rising 0.78%.

Source: HK Stock Market Update The copyright of this article belongs to the original author/organization.

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