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HKG:1187

6 stories mentioning HKG:1187Updated 42d ago

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Asia

Hong Kong Stocks Rally On Hopes of U.S.-Iran Peace Deal; Cofoe Medical Makes Tepid Market Debut

Hong Kong equities rallied Wednesday as investors cheered a pause of hostilities between Iran and the U.S.The Hang Seng Index rose by around 315.17 points, or roughly 1.2%, to end at 26,213.78, while the Hang Seng China Enterprises Index increased by 70.26 points, or around 0.8%, to close at 8,800.75.Investors appeared to be holding out hope for a possible peace agreement between the U.S. and Iran after the Trump administration announced an end to Operation Epic Fury.US President Donald Trump also halted the military operation Project Freedom in the Strait of Hormuz which was to help ships stranded in the waterway, a key route that carried about one-fifth of global oil and LNG trade before the war.Trump also indicated a possible peace deal may be reached with Iran, causing dollar and oil prices to ease somewhat, Reuters reported.In local development, Hong Kong's gross domestic product grew 5.9% year over year in the first quarter of 2026, faster than the revised 4% expansion in the fourth quarter of 2025, according to advance estimates released by the Census and Statistics Department.Meanwhile, S&P Global said Hong Kong's private sector business conditions deteriorated for a second straight month in April as output and new orders declined amid sharply higher costs linked to the war in the Middle EastOutput contracted at the fastest pace since June 2025, while new orders fell for a second consecutive month.In corporate news, Cofoe Medical Technology (HKG:1187; SHE:301087) had a tepid debut in Hong Kong.The Chinese home care medical device provider closed at HK$38.90 per share, marginally lower than offer price of HK$39.33.

Hang SengHKG:1187SHE:301087
Asia

Cofoe Medical Technology Rises 1% in Hong Kong Trading Debut

Cofoe Medical Technology's (HKG:1187; SHE:301087) shares opened 1.3% above their initial public offering price in a tepid Hong Kong debut on Wednesday morning.The China-based home care medical device provider opened at HK$39.84 per share, compared with the offer price of HK$39.33.

HKG:1187SHE:301087
Asia

Cofoe Medical Technology Nets HK$1 Billion From Hong Kong IPO Ahead of Debut

Cofoe Medical Technology (HKG:1187, SHE:301087) raised HK$1.01 billion in net proceeds from its initial public offering in Hong Kong.The offer price was set at HK$39.33 per H-share, according to a Tuesday after-market filing with the Hong Kong Stock Exchange.The China-based home care medical device provider offered 27 million H-shares in the global offering.The Hong Kong public offer was 399.08 times subscribed, with 2.7 million shares allocated, representing 10% of the total offering.The international offering was 3.4 times subscribed, with 24.3 million shares allocated, accounting for 90% of the total offering.Cornerstone investors, including Lens Technology (HK), Changsha Yufeng Technology, Vision Capital, and Panjing Harbourview Investment Fund, were allocated about 9.7 million shares in the international tranche, according to the filing.Cofoe Medical is scheduled to begin trading in Hong Kong on Wednesday, May 6.

HKG:1187SHE:301087
Asia

Hong Kong Stocks Start Week Higher Amid Middle East Optimism; Cofoe Medical Prices IPO

Hong Kong equities gained on Monday amid renewed optimism over developments in the Middle East.The Hang Seng Index rose by around 319.35 points, or roughly 1.2%, to end at 26,095.88. The Hang Seng China Enterprises Index increased by 92.56 points, or 1.1%, to close at 8,774.39.Markets appeared to welcome signs of progress, however slow, in efforts by Iran and the U.S. to resolve the ongoing Middle East conflict, Reuters reported.Iran is reviewing Washington's response to its 14-point proposal to end the conflict in the Middle East, while President Donald Trump said the U.S. would help countries with ships stranded in the Strait of Hormuz without disclosing details, Reuters reported.In corporate news, Cofoe Medical Technology (HKG:1187, SHE:301087) priced its Hong Kong initial public offering of 27 million shares at HK$39.33 per share, the maximum price.

Hang SengHKG:1187SHE:301087
Asia

Cofoe Medical Technology Prices Hong Kong IPO

Cofoe Medical Technology (HKG:1187, SHE:301087) set its Hong Kong initial public offering price at HK$39.33 per share, according to a Monday Hong Kong bourse filing.The company expects to announce allocation results on Tuesday, with trading set to begin on Wednesday.Shares will be traded in board lots of 100 shares each, the filing said.

HKG:1187SHE:301087
Asia

Cofoe Medical Technology Seeks Up to HK$1.06 Billion in Hong Kong IPO

Cofoe Medical Technology (HKG:1187, SHE:301087) launched its Hong Kong initial public offering on Monday, seeking to raise up to about HK$1.06 billion from the deal.The China-based home care medical device provider is offering 27 million H-shares at a maximum offer price of HK$39.33 per share, according to a Hong Kong bourse filing.The offering comprises 2.7 million shares for Hong Kong investors and 24.3 million shares for international investors, subject to reallocation.The offer price is expected to be determined by May 4, with allocation results due by May 5, ahead of the company's planned trading debut on May 6.Net proceeds will be used mainly to support global expansion and strengthen overseas sales channels, as well as advance product research and development.The funds will also be used to expand domestic distribution networks, enhance branding and marketing efforts, and for working capital and general corporate purposes.Huatai Financial Holdings (Hong Kong) and BNP Paribas Securities (Asia) are acting as joint sponsors.Huatai Financial Holdings (Hong Kong) and BNP Paribas Securities (Asia) are serving as overall coordinators and are also acting as joint bookrunners and joint lead managers, alongside Futu Securities International (Hong Kong).

HKG:1187SHE:301087

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