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HKG:2589

4 stories mentioning HKG:2589Updated 38d ago

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Asia

Auntea Jenny Shareholders Extend Lock-Up Period to November; Shares Plunge 22%

Auntea Jenny (HKG:2589) said certain shareholders have voluntarily extended restrictions on the sale of their shares to Nov. 7, according to a Sunday filing with the Hong Kong bourse.The shareholders may collectively sell up to 3.7 million shares between Aug. 8 and Nov. 7, representing about 3.5% of the company's issued shares.Five other shareholders, including the company's major holders, will maintain their existing commitments not to sell shares through Nov. 7.Shares of the tea brewer were down nearly 22% in Monday afternoon trade.

HKG:2589
Asia

Hong Kong Stocks Rise on Monday as Crude Pullback Calms Rate Fears; Auntea Jenny Surges on Profit Alert

Hong Kong stocks closed higher on Monday as falling oil prices eased inflation concerns after the U.S. and Iran refrained from further military action.The Hang Seng Index gained 243.95 points, or about 1%, to close at 25,207.18, while the Hang Seng China Enterprises Index rose 94.32 points, or 1.1%, to 8,365.38.Oil prices fell more than $5 easing inflation concerns and mitigating expectations of a U.S. Federal Reserve rate hike ahead of Wednesday's policy decision. Investors also awaited earnings from major technology companies following recent scrutiny of AI-related spending.Among individual stocks, Auntea Jenny (HKG:2589) climbed more than 4% after forecasting up to a 60% increase in first-half profit.Trip.com (HKG:9961) gained over 3% after disclosing that it would comply with Chinese regulators' decision following a penalty for abusing its dominant position in the country's online hotel booking market.

Hang SengHKG:2589HKG:9961
Asia

Auntea Jenny Sees H1 Profit Rise Up to 60%; Shares Rise 4%

Auntea Jenny (HKG:2589) expects to post profit of 304 million yuan to 325 million yuan for the first half, up about 50% to 60% from 203 million yuan a year earlier.The company attributed the expected earnings growth to the continued execution of its multi-brand strategy, which supported steady expansion of its store network through differentiated brand positioning, according to a Friday Hong Kong bourse filing.Shares of the tea brewer were up 4% in Monday afternoon trade.

HKG:2589
Asia

Auntea Jenny Completes H Share Full Circulation

Auntea Jenny (Shanghai) Industrial (HKG:2589) completed the conversion of 35,255,992 domestic unlisted shares into H shares under its H share full circulation plan, according to a Hong Kong bourse filing.The converted shares will begin trading on the Hong Kong Stock Exchange on July 23.Shares of the brewed tea maker rose nearly 1% in recent trade.

HKG:2589

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