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HKG:1511

5 stories mentioning HKG:1511Updated 20d ago

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Asia

UISEE Technologies Expands Xinjiang Airport Partnership With New Vehicle Orders; Shares Soar 14%

UISEE Technologies (Beijing) (HKG:1511) said it won a new order from Xinjiang Airport for 10 autonomous buses and six unmanned delivery vehicles, according to a Wednesday Hong Kong bourse filing.The autonomous driving company said the latest order expands its intelligent transportation deployment at airports following a strategic cooperation agreement signed with Xinjiang Airport in March.The cooperation covers autonomous passenger shuttles, cargo transportation, and baggage handling services at the airport.The company's shares surged nearly 14% in recent trade.

HKG:1511
Asia

Hong Kong Stocks Retreat; Top Numerical Control Rises as UISEE Slides in Debut

Hong Kong shares slid back into the red on Wednesday as investors tracked regional developments.The Hang Seng Index fell by 146.73 points, or 0.6%, to end at 25,651.12, while the Hang Seng China Enterprises Index decreased by 34.83 points, or 0.4%, to close at 8,605.13.Russian President Vladimir Putin is in China for a state visit to meet his counterpart Xi Jinping for talks on several issues, including energy exports via the long-delayed Power of Siberia 2 gas pipeline.Putin invited Xi to visit Russia in 2027, saying that the ties between their two countries were at "an unprecedented level."In local development, Hong Kong's seasonally adjusted unemployment rate stood at 3.7% for the February to April period, unchanged from January to March.In corporate news, market debutants moved in opposite directions on their first day of trading.Shanghai Top Numerical Control Technology (HKG:7688) had a stellar stock market debut as it closed at HK$47.50 per share, up 80% from its IPO price of HK$26.39.In contrast, UISEE Technologies (HKG:1511) finished at HK$57.50 per share, down 5% from its listing price of HK$60.30.

Hang SengHKG:1511HKG:7688
Asia

UISEE Technologies Slips 7% in Hong Kong Trading Debut

UISEE Technologies' (HKG:1511) shares opened 7.1% below their initial public offering price in a subdued Hong Kong debut on Wednesday morning.The Chinese autonomous driving technology company opened at HK$56 per share, below the offer price of HK$60.30.

HKG:1511
Asia

UISEE Technologies Nets HK$795 Million Ahead of Hong Kong Trading Debut

UISEE Technologies (Beijing) (HKG:1511) raised HK$795.4 million in net proceeds from its initial public offering in Hong Kong.The final offer price was set at HK$60.30 per H-share, according to a Tuesday after-market filing with the Hong Kong Stock Exchange.The Chinese autonomous driving technology company offered 14.5 million H-shares in the global offering.The Hong Kong public offer was 6,777.29 times subscribed, with a final allocation of 2.9 million shares, representing 20% of the total offering.The international offering was 5.66 times subscribed, with a final allocation of 11.6 million shares, or 80% of the total offering.Cornerstone investors, including Xiongan Autonomous Driving, CYGG Holding, and Starwin International, were allotted a combined 4.3 million shares, representing 29.96% of the global offering, according to the filing.UISEE Technologies is scheduled to debut on the Hong Kong bourse on Wednesday, May 20.

HKG:1511
Asia

UISEE Technologies Launches Up to HK$872 Million Hong Kong IPO

UISEE Technologies (HKG:1511) launched its Hong Kong initial public offering on Tuesday, seeking to raise about HK$872 million from the deal.The China-based autonomous driving company is offering 14.5 million shares at HK$60.30 each, according to a Hong Kong bourse filing.The offering comprises 723,100 shares for Hong Kong investors and 13.7 million shares for international investors, subject to reallocation and the offer size adjustment option.Allocation results are due by May 19, ahead of the company's planned trading debut on May 20.Net proceeds will be used mainly to enhance research and development capabilities and strengthen solution offerings.The funds will also be used for domestic and overseas business expansion, commercialization efforts, strategic investments, and working capital and general corporate purposes.CITIC Securities (Hong Kong) is acting as the sole sponsor, while CLSA is serving as sponsor-overall coordinator.CLSA, BOCOM International Securities, DBS Asia Capital, and China Galaxy International Securities (Hong Kong) are acting as overall coordinators, joint global coordinators, joint bookrunners, and joint lead managers, alongside Hong Tai Securities.Futu Securities International (Hong Kong), CEB International Capital, uSmart Securities, CNCB (Hong Kong) Capital, Quam Securities, Lego Securities, Patrons Securities, and SBI China Capital Financial Services are acting as joint bookrunners and joint lead managers.

HKG:1511

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