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HKG:6067

6 stories mentioning HKG:6067Updated just now

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Asia

Shenzhen Senior Technology to Boost Stake in Bangci Electronic Technology

Shenzhen Senior Technology Material (HKG:6067, SHE:300568) agreed to acquire a 59.98% stake in Bangci Electronic Technology (Yancheng) for about 241.8 million yuan, according to a Thursday Hong Kong bourse filing.The acquisition will increase Shenzhen Senior's stake in Bangci to 73.48% from 13.5%, making Bangci a non-wholly owned subsidiary whose financial results will be consolidated.The consideration will be paid in cash from the group's internal resources.The target company's main products can be classified into monolayer piezoelectric ceramic plates and multilayer piezoelectric ceramic stacks, which are used in high-end semiconductor precision equipment and ultrasonic transducers.The transaction is subject to shareholder approval and other conditions.

HKG:6067SHE:300568
Asia

Shenzhen Senior Technology Material Invests 151 Million Yuan in Energy Storage Fund

Shenzhen Senior Technology Material (SHE:300568, HKG:6067) invested 151 million yuan as a limited partner in the establishment of Shenzhen Yuanzhi Senior Venture Capital Fund Partnership.The 500-million-yuan industrial fund focuses on the new energy storage industry chain, according to a Wednesday filing with the Shenzhen bourse. The investment gives the company a 30.2% stake in the fund.Shares of the lithium-ion battery separators manufacturer closed 3% lower on the Shenzhen and Hong Kong bourses on Thursday.

HKG:6067SHE:300568
Asia

Hong Kong Stocks Slide; Senior Technology Gains as HJ Science Flops in Debut

Hong Kong stocks declined on Tuesday as investors assessed the latest developments in U.S.-Iran negotiations while bracing for a more hawkish Federal Reserve.The Hang Seng Index fell 1.8%, or 432.24 points, to close at 23,336.28. The Hang Seng China Enterprises Index dropped 2.0%, or 155.38 points, to finish at 7,759.36.The United States waived sanctions on Iran for 60 days beginning Monday following an initial round of talks under a fledgling peace agreement.U.S. President Donald Trump said he would "do what I have to do" if Tehran failed to uphold its commitments.Meanwhile, traders are increasingly betting on a faster pace of monetary tightening under new Federal Reserve Chair Kevin Warsh.Markets expect the Fed to deliver a total of 50 basis points of rate hikes by year-end to combat inflation pressures, particularly from higher energy costs, Reuters reported, citing CME Group's FedWatch Tool.In corporate news, two companies made their trading debut on the Hong Kong bourse.HJ Science (HKG:6132) closed 57% lower at HK$35.26, compared with its offer price of HK$81.80.Shenzhen Senior Technology Material (HKG:6067, SHE:300568) advanced 22% to HK$11.00, versus its offer price of HK$8.98.

Hang SengHKG:6067HKG:6132SHE:300568
Asia

Shenzhen Senior Technology Material Nets HK$1.3 Billion in Hong Kong IPO Ahead of Debut

Shenzhen Senior Technology Material (HKG:6067, SHE:300568) raised HK$1.28 billion in net proceeds from its initial public offering in Hong Kong, according to a Monday after-market filing with the Hong Kong Exchange.The manufacturer of lithium-ion battery separators priced its IPO at HK$8.98 per share, issuing 149.5 million shares in total.The Hong Kong public offering portion of the deal was 1,563.16 times subscribed, with a final allotment of 14.9 million shares.The international offering was 14.34 times subscribed, with 134.6 million shares allocated.Cornerstone investors received 67.5 million shares, representing 45.14% of the IPO shares.Senior Technology Material is set to debut on the Hong Kong bourse today, June 23.

HKG:6067SHE:300568
Asia

Shenzhen Senior Technology Material Jumps 38% in Hong Kong Trading Debut

Shenzhen Senior Technology Material (HKG:6067, SHE:300568) shares opened 38.4% above their initial public offering price in a strong Hong Kong debut on Tuesday morning.The manufacturer of lithium-ion battery separators opened at HK$12.43 per share, compared with the IPO price of HK$8.98.

HKG:6067SHE:300568
Asia

Shenzhen Senior Technology Material Launches HK$1.3 Billion Hong Kong IPO

Shenzhen Senior Technology Material (SHE:300568, HKG:6067) launched its Hong Kong initial public offering on Friday, seeking to raise up to HK$1.34 billion.The Chinese lithium-ion battery separator manufacturer is offering 149.5 million H shares at an indicative maximum price of HK$8.98 per share, according to a Hong Kong bourse filing.The offering comprises 15 million shares for Hong Kong investors and 134.6 million shares for international investors, with the latter subject to reallocation.The final offer price is expected to be determined by June 18, with allocation results due by June 22, ahead of the company's planned trading debut on June 23.Net proceeds will be used primarily to strengthen research and development capabilities in solid-state electrolyte membranes, other functional membranes, and next-generation lithium-ion battery separator products.The company also plans to use the funds to expand its overseas network in Malaysia and the U.S., invest in battery separator materials and semiconductor-related businesses, repay a loan for its manufacturing base in Sweden, and boost working capital.The company secured 13 cornerstone investors, including NYSE-listed JinkoSolar and Sunwoda Electronic (SHE:300207), that committed to subscribe to $77.5 million worth of IPO shares.China Securities (International) Corporate Finance, Huatai Financial Holdings (Hong Kong), CICC Hong Kong Securities, ICBC International Securities and Vast Harbour Securities are the joint global coordinators, joint bookrunners and joint lead managers of the IPO.

HKG:6067SHE:300568

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