HKG:9615

4 stories mentioning HKG:9615Updated 23h ago

Every FINWIRES story that references HKG:9615, newest first.

Hong Kong Stocks Fall on Higher Bond Yields, Oil Prices; SHEIN Close Marginally Lower on Debut

Hong Kong stocks closed lower Tuesday as rising global bond yields and oil prices kept investors cautious amid renewed Middle East tensions.The Hang Seng Index fell 237.26 points, or 0.9%, to close at 25,329.73, while the Hang Seng China Enterprises Index dropped 50.54 points, or 0.6%, to 8,462.64.Global bond yields hit multi‑year highs as oil above $91 a barrel stoked inflation and rate concerns amid escalating U.S.-Iran tensions.In corporate news, SHEIN Global (HKG:0625) ended 0.1% lower at HK$48.50 after debuting at its HK$48.56 offer price, while Mech‑Mind Robotics (HKG:9615) closed 1.9% lower at HK$99.80 on debut, versus its HK$101.70 offer price.Elsewhere, NIO (SGX:NIO, HKG:9866) delivered 35,836 vehicles in August, up 14.5% from a year earlier, according to a Tuesday Hong Kong bourse filing. Shares closed over 6% lower.

Hang SengHKG:0625HKG:9615HKG:9866

Asia1d ago

Mech-Mind Robotics Opens Flat in Hong Kong Trading Debut

Mech-Mind Robotics' (HKG:9615) shares opened flat in their Hong Kong debut on Tuesday morning, trading in line with the offer price.The Chinese robotics technology company opened at HK$101.70 per share, unchanged from its initial public offering price.

HKG:9615

International1d ago

Mech-Mind Robotics Nets HK$2.2 Billion in Hong Kong IPO

Mech-Mind Robotics (HKG:9615) raised HK$2.20 billion in net proceeds from its initial public offering in Hong Kong after pricing the shares at the upper limit of the indicative range.The final offer price was set at HK$101.70 per H-share, the top end of its guidance of as low as HK$95.30 each, according to a Monday after-market filing with the Hong Kong Exchange.The Chinese robotics technology company offered 23.1 million H-shares in the global offering.The Hong Kong public offer was oversubscribed 3,835.36 times, triggering a clawback that increased the allocation to 4.62 million shares from the initial 1.16 million.The international offering was 13.39 times subscribed, with the final allocation reduced to 18.5 million shares from the initial 21.9 million.An over-allocation of 3.5 million shares was made under the global offering.Cornerstone investors were allotted a combined 14.4 million shares, representing 62.02% of the IPO shares, according to the filing.Mech-Mind Robotics is scheduled to debut on the Hong Kong bourse on Tuesday, Sept. 1.

HKG:9615

Asia2d ago

Correction: Mech-Mind Robotics Seeks Up to HK$2.4 Billion in Hong Kong IPO

(corrects ticker, headline and updates throughout)Mech-Mind Robotics Technologies (HKG:9615) launched its Hong Kong initial public offering on Aug. 24, seeking to raise up to HK$2.35 billion.The China-based robotics company is offering 23.1 million H shares at an indicative price range of HK$95.30 to HK$101.70 each, according to a Hong Kong bourse filing.The offering comprises 1.2 million shares for Hong Kong investors and 22 million shares for international investors, subject to reallocation and the overallotment option.The offer price is expected to be determined by Aug. 28, with allocation results due by Aug. 31, ahead of the company's planned trading debut on Sept. 1.Net proceeds will be used mainly to fund R&D and expand the company's product portfolio and application scenarios.The company also plans to expand its global presence and accelerate commercialization, increase production capacity, and improve operational efficiency, with the remainder allocated to working capital and general corporate purposes.The IPO has nine cornerstone investors, including Baillie Gifford, Taikang Life, Invus, Jane Street and Ghisallo, which have committed to subscribe for a combined $186 million worth of shares.China Securities (International) Corporate Finance and CITIC Securities (Hong Kong) are acting as joint sponsors, with China Securities (International) Corporate Finance and CLSA serving as sponsor-overall coordinators, overall coordinators and joint global coordinators.Daiwa Capital Markets and Macquarie Capital are also among the overall coordinators, while Futu Securities and Tiger Brokers are joint bookrunners and capital market intermediaries.

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