SHA:601678

Befar Group Flags No Reason for Unusual Share Price Movement; Shares Up 5%

Befar Group (SHA:601678, HKG:6745) said its business operations remain normal and it is unaware of any reason for the recent unusual movements in its share price and trading volume, according to a Friday Hong Kong bourse filing.The company also began producing 6N-grade electronic-grade high-purity hydrogen fluoride gas after completing a 50-tonne-per-year filling line and securing regulatory approvals.Befar said it has started marketing the product to domestic and overseas customers, although customer acceptance remains uncertain.It expects sales of the product to account for only a small portion of revenue and not have a material impact on its 2026 financial performance.Shares of the firm were up nearly 5% in Monday late-afternoon trade.

Soochow Securities Starts Befar Group at Buy

Befar Group to Invest 1.8 Billion yuan in Halogenated Butyl Rubber Project

Befar Group (SHA:601678) will invest 1.82 billion yuan for the construction of a 70,000-ton-per-year halogenated butyl rubber project through subsidiary Shandong Binhua New Materials, according to a Saturday filing with the Shanghai bourse.The project is the first phase of a 250,000-ton-per-year integrated special rubber project.Construction is slated to take place for two years.Befar will use 63,700 tons of isobutylene per year for the project. Binhua New Materials will supply the raw material for the project.

Hong Kong Stocks Advance; Befar Falls, Nexchip Semiconductor Closes Flat on Debut

Hong Kong stocks closed higher Friday as investors shrugged off renewed U.S.-Iran hostilities, while another strong rally in chip stocks lifted technology shares.The Hang Seng Index rose 0.6%, or 144.94 points, to close at 24,175.12, while the Hang Seng China Enterprises Index gained 0.5%, or 41.90 points, to finish at 8,039.19.Investors largely looked past the latest exchange of attacks between the United States and Iran, despite further straining the fragile ceasefire reached last month.Meanwhile, the European Commission imposed anti-dumping duties ranging from 4.3% to 45.3% on imports of Chinese tyres for cars, light trucks and buses.Technology shares also found support as investors turned their attention to SK Hynix's U.S. market debut after the South Korean chipmaker raised about $26.5 billion in the world's second-largest share sale, behind SpaceX's record-breaking offering last month.In corporate news, two companies made their debut on the Hong Kong bourse, extending the recent wave of new listings.Befar Group (HKG:6745, SHA:601678) ended the session nearly 19% lower at HK$2.83, versus its offer price of HK$3.48.Nexchip Semiconductor (HKG:2249, SHA:688249) closed flat at HK$32.30, in line with its offer price.

Befar Group Falls 21% in Hong Kong Trading Debut

Befar Group's (HKG:6745, SHA:601678) shares opened 21% below the offer price in a weak Hong Kong debut on Friday morning.The chemical company opened at HK$2.74 per share, down from the offer price of HK$3.48.Befar's Shanghai-listed shares slipped 3% at open.

Befar Group Nets HK$1.2 Billion in Hong Kong Listing

Befar Group (HKG:6745, SHA:601678) raised HK$1.16 billion in net proceeds from its initial pubic offering in Hong Kong after pricing the shares near the top of the indicative range.The chemical company priced 352.1 million shares at HK$3.48 each, toward the upper end of its marketed range of HK$3.05 to HK$3.59 per share, according to a Thursday disclosure.The Hong Kong public offering was 227.58 times subscribed, with 35.2 million shares allocated, while the international offering was 4.26 times subscribed, with 316.9 million shares allocated.Cornerstone investors were allotted 112.3 million shares, representing 31.88% of the IPO shares.Befar Group is set to debut on the Hong Kong bourse today, July 10.

Befar Group Prices Hong Kong IPO

Befar Group (SHA:601678, HKG:6745) set the offer price for its Hong Kong initial public offering at HK$3.48 per share on Wednesday, according to a Hong Kong bourse filing on the same day.The chemical company will announce the subscription levels and allocation results on Thursday.Trading in the H-shares is scheduled to begin on Friday, July 10.

Hong Kong Stocks Fall Amid Middle East Uncertainty; Nine Firms File for IPO

Hong Kong stocks closed lower Tuesday as uncertainty returned in the Middle East, raising bets for a U.S. rate hike.The Hang Seng Index fell by around 145.66 points, or roughly 0.6%, to end at 22,881.02, while the Hang Seng China Enterprises Index decreased by 47.04 points, or 0.6%, to end at 7,558.30.U.S. President Donald Trump said U.S. and Iranian officials will meet in Qatar on Tuesday after Tehran "requested" talks following days of reciprocal attacks that strained their interim agreement, according to AL Jazeera.However, Iranian Foreign Ministry spokesman Esmaeil Baghaei said the Iranian delegation has no talks scheduled with the U.S. and is visiting Qatar only to secure the release of frozen assets.Investors are now eyeing progress in the possible U.S.-Iran talks and U.S. June jobs data, scheduled to be released Thursday, for hints on the U.S. Federal Reserve's interest rate decision at its July 28-29 meeting.So far, traders are pricing in about a 64% probability of a September increase, Reuters reported, citing the CME FedWatch tool.In local development, the bad-loan ratio across Hong Kong banks declined in the first quarter of 2026, according to a quarterly update released by the Hong Kong Monetary Authority.The classified loan ratio of the banking sector decreased to 1.87% at the end of March from 2.01% at the end of December 2025, the HKMA said.In corporate news, nine firms filed to go public in Hong Kong in one of the busiest days for initial public offering filings.Among the companies looking to go public were Alibaba-backed Chaozhou Three-Circle (HKG:6951, SHE:300408), Befar Group (HKG:6745, SHA:601678), Nexchip Semiconductor (China) (HKG:2249), and Luxshare Precision Industry (SHE:002475, HKG:2475).Others included Jiangxi Qiyunshan Food (HKG:2797), Guangdong Dtech Technology (HKG:1377), and Rokae (Shandong) Robotics Group (HKG:3752).EKH (HKG:2523) and Rigol Technologies (HKG:0537, SHA:688337) are also among the firms looking to go public.

Befar Group Launches HK$1.26 Billion Hong Kong IPO

Befar Group (HKG:6745, SHA:601678) launched its Hong Kong initial public offering on Tuesday, seeking to raise up to HK$1.26 billion.The China-based chemical manufacturer is offering 352.1 million H-shares at an indicative price range of HK$3.05 to HK$3.59 each, according to a Hong Kong bourse filing.The offering comprises 35.2 million shares for Hong Kong investors and 316.9 million shares for international investors, with the latter subject to reallocation.The offer price is expected to be determined by July 8, with allocation results due by July 9, ahead of the company's planned trading debut on July 10.Net proceeds will be used primarily to construct the company's source-grid-load-storage integrated project in Binzhou and enhance its research and development capabilities.The company also plans to use the funds to build an electronic chemicals production facility in China, expand its overseas sales and service network, and for working capital and general corporate purposes.The offering has attracted seven cornerstone investors, including Beijing Yian, Luhua Daosheng, Aurora SF, China Hongqiao, and Tianto, who have agreed to subscribe for shares totaling $49.8 million.Huatai Financial Holdings (Hong Kong) and CCB International Capital are serving as joint sponsors, overall coordinators, joint global coordinators, joint bookrunners, and joint lead managers.

Befar Posts Hong Kong Listing Hearing Documents

Befar Group (SHA:601678) published its post-hearing information packets on the Hong Kong Stock Exchange website following the review of its H-share initial public offering application on June 16.The chemical manufacturer originally submitted its listing application in October 2025 and updated it in April, according to a Thursday filing with the Shanghai bourse.Shares of Befar Group rose 5% in recent trade.