14 stories mentioning HKG:3308Updated 4m ago
Every FINWIRES story that references HKG:3308, newest first.
Zhongji Innolight (HKG:3308, SHE:300308) has an average rating of buy and mean price target of HK$1,808.38, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Zhongji Innolight (HKG:3308, SHE:300308) has an average rating of buy and mean price target of HK$1,808.38, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Zhongji Innolight (SHE:300308, HKG:3308) is looking to repurchase between 400 million yuan and 800 million yuan of shares, according to a Tuesday filing with the Shenzhen Stock Exchange.The high-speed optical transceiver maker could buy back between 3.3 million and about 6.7 million shares at 1,200 yuan apiece.
Zhongji Innolight's (SHE:300308, HKG:3308) Hong Kong shares were included in the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect programs, effective Thursday, according to an after-hours disclosure the same day with the Shenzhen bourse.Following the inclusion of its H shares in the Stock Connect program, eligible mainland Chinese investors could invest in the optical interconnect service company's Hong Kong shares.Innolight's Hong Kong shares rose 3% while its Shenzhen shares jumped 2% during morning trading on Friday.
Zhongji Innolight (HKG:3308, SHE:300308) said the over-allotment option for its Hong Kong initial public offering was fully exercised on Wednesday, according to a same-day filing with the Hong Kong bourse.The company expects to raise about HK$7.9 billion in additional net proceeds.The exercise involved the issue of 8.2 million additional H shares at HK$980 each, representing 15% of the total offer shares initially available under the global offering.Dealings in the over-allotment shares are expected to begin on Aug. 31, the filing said.
Zhongji Innolight (HKG:3308, SHE:300308) reported 13.7 billion yuan in profit attributable to owners for the first half, compared with 4 billion yuan a year ago, a Friday bourse filing showed.EPS moved to 12.19 yuan from 3.60 yuan year over year.For the six months ended June 30, revenue was 41.8 billion yuan, versus 14.8 billion yuan previously, the optical interconnect service provider said.The company declared an interim dividend of 12 yuan per 10 shares. Dividends to holders of Hong Kong-listed shares of record as of Sept. 10 will be payable on Oct. 9.
Zhongji Innolight (HKG:3308) has an average rating of buy and mean price target of HK$1,751.66, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Zhongji Innolight's (HKG:3308, SHE:300308) shares opened 1% below the offer price in a muted Hong Kong debut on Thursday morning.The optical interconnect service provider opened at HK$971 per share, compared with the offer price of HK$980.Innolight raised about HK$53 billion in net proceeds from its Hong Kong initial public offering.The deal marks Hong Kong's largest share sale since Alibaba's 2019 listing and Asia's second-largest IPO this year, trailing CXMT's $8.6 billion listing in Shanghai.
Zhongji Innolight (HKG:3308, SHE:300308) is set to raise roughly HK$52.9 billion in net proceeds from its initial public offering in Hong Kong after pricing the shares below the maximum target.The optical interconnect service provider priced 54.5 million H-shares at HK$980 apiece, lower than its guidance of as high as HK$1,010 each, according to a Wednesday disclosure.The Hong Kong public offering was 16.84 times subscribed, with 5.45 million shares allocated, while the international offering was 9.73 times subscribed, with 49.05 million shares allocated.Cornerstone investors, including Tencent (HKG:0700) and Alibaba (HKG:9988), were allotted 27.2 million shares, representing 50% of the IPO shares.Innolight is set to debut on the Hong Kong bourse Thursday, July 30.
(Corrects share buyback size in headline)Zhongji Innolight's (HKG:3308, SHE:300308) chairman and president, Liu Sheng, proposed to repurchase shares worth between 4 billion yuan and 8 billion yuan, according to a Shenzhen bourse filing on Wednesday.The shares will be bought back within 12 months after the board of directors' approval.The repurchased shares will be used for the company's equity incentive plans or employee stock ownership plans.The optical interconnect service provider's Shenzhen shares rose 2%.
Zhongji Innolight's (HKG:3308, SHE:300308) chairman and president, Liu Sheng, proposed to repurchase shares worth between 4 billion yuan and 8 billion yuan, according to a Shenzhen bourse filing on Wednesday.The shares will be bought back within 12 months after the board of directors' approval.The repurchased shares will be used for the company's equity incentive plans or employee stock ownership plans.The optical interconnect service provider's Shenzhen shares rose 2%.
Zhongji Innolight (HKG:3308, SHE:300308) priced its Hong Kong initial public offering at HK$980.00 per H-share, below the targeted maximum price of HK$1,010, according to a Tuesday Hong Kong bourse filing.The optical interconnect service provider expects to announce the results of the Hong Kong public offering and the international offering on July 29.Trading in the H-shares is expected to begin on the Hong Kong Stock Exchange on July 30, subject to the global offering becoming unconditional.The shares will trade in board lots of 50 H-shares.
Hong Kong stocks ended lower Wednesday as investors awaited earnings from major U.S. technology companies, while renewed trade concerns weighed on sentiment.The Hang Seng Index fell 239.63 points, or 1%, to close at 24,892.66, while the Hang Seng China Enterprises Index lost 109.61 points, or 1.3%, to finish at 8,251.07.Investors looked ahead to quarterly results from Alphabet and Tesla, with the reports expected to test whether AI-driven valuations can withstand heightened scrutiny after recent volatility in global technology stocks.Markets also monitored U.S. trade policy after President Donald Trump said imported generic drugs would remain tariff-free for two years from Aug. 1 before facing a 100% tariff for one year and a 200% tariff thereafter.In corporate news, Topsports International (HKG:6110) fell over 24%, and Pou Sheng International (HKG:3813) lost nearly 9% after reports that Nike will stop selling its products online through key Chinese retailers from January, shifting instead to its branded storefronts.Meanwhile, Zhongji Innolight (HKG:3308, SHE:300308) is seeking to raise up to HK$55.1 billion in Hong Kong's largest share sale since Alibaba's 2019 listing.
Zhongji Innolight (HKG:3308, SHE:300308) launched its Hong Kong initial public offering on Wednesday, seeking to raise up to HK$55.1 billion.The optical interconnect service provider is offering 54.5 million H-shares at a maximum price of HK$1,010.00 each, according to a Hong Kong bourse filing.The offering comprises 5.5 million shares for Hong Kong investors and 49.1 million shares for international investors, subject to reallocation and the over-allotment option.The offer price is expected to be determined by July 28, with allocation results due by July 29, ahead of the company's planned trading debut on July 30.The offering has attracted cornerstone investors, including Temasek, HHLRA, JPMorgan Asset Management, BlackRock, Taibai, Aspex, ADIA, Alibaba (HKG:9988) and Tencent (HKG:0700), which have agreed to subscribe for shares worth a total of $3.45 billion.Net proceeds will be used primarily to support research and development of optical interconnect technologies, expand the company's global production capacity, and enhance its supply chain resilience and commercialization capabilities.The company also plans to use the funds for strategic acquisitions and investments, and for working capital and general corporate purposes.Goldman Sachs (Asia), CICC Hong Kong Securities, Morgan Stanley Asia and GF Capital (Hong Kong) are serving as joint sponsors, sponsor-overall coordinators, overall coordinators, joint global coordinators, joint bookrunners and joint lead managers.Haitong International Securities, Citigroup, HSBC, China Galaxy International Securities and other firms are acting as overall coordinators, joint global coordinators, joint bookrunners and joint lead managers, according to the prospectus.
