8 stories mentioning SHA:688337Updated 28m ago
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RIGOL Technologies (HKG:0537, SHA:688337) appointed executive director Sun Ningxiao as co-chief executive officer, effective Aug. 7, according to a same-day Hong Kong bourse filing.Sun will jointly oversee the group's day-to-day operations and management with CEO Wang Ning.Shares of the electronic test equipment manufacturer fell nearly 3% in Shanghai Monday morning.
Hong Kong stocks closed lower Thursday as renewed tensions in the Middle East and another bout of volatility in regional technology shares weighed on investor sentiment.The Hang Seng Index fell 0.7%, or 169.28 points, to close at 24,030.18, while the Hang Seng China Enterprises Index dropped 1.1%, or 86.93 points, to finish at 7,997.29.Technology shares remained under pressure as the recent semiconductor-led rally faded, even as broader regional markets recovered from recent heavy losses.Meanwhile, U.S. President Donald Trump said on Wednesday the interim agreement with Iran to end the conflict was "over," although he later said he did not expect a return to full-scale war.Oil prices rose for a third straight session as Washington carried out another round of strikes against Iran.In corporate news, seven firms listed on the main board, marking one of the year's busiest days for debuts.Luxshare Precision Industry (HKG:2475, SHE:002475) ended the session nearly 2% lower at HK$62.30 versus its offer price of HK$63.28Chaozhou Three-Circle (HKG:6951, SHE:300408) closed nearly 5% higher at HK$105.00, compared with its offer price of HK$100.30.Rigol Technologies (HKG:0537, SHA:688337) ended the session over 37% lower at HK$28.80, versus its offer price of HK$45.98.DKE (HKG:1770) closed 2% higher at HK$80.00, compared with its offer price of HK$78.64.Guangdong Dtech Technology (SHE:301377, HKG:1377) ended the session 2% lower at HK$373.20, versus its offer price of HK$380.Jiangxi Qiyunshan Food (HKG:2797) advanced nearly 163% to close at HK$21, compared with its offer price of HK$8.Rokae (Shandong) Robotics (HKG:3752) ended the session 15% higher at HK$43.78, versus its offer price of HK$38.
Rigol Technologies (HKG:0537, SHA:688337) will receive HK$1.04 billion in net proceeds from its initial public offering in Hong Kong.The electronic test and measurement company priced its IPO at HK$45.98 per share, issuing 24.8 million shares, according to a Wednesday after-market filing with the Hong Kong Exchange.The Hong Kong public offering portion of the deal was 356.86 times subscribed, with 2.48 million shares allocated, while the international offering was 9.17 times subscribed, with 22.3 million shares allocated.Cornerstone investors were allotted 10.4 million shares, representing 42.1% of the IPO shares.Rigol Technologies is set to debut on the Hong Kong bourse today, July 9.
Rigol Technologies' (HKG:0537, SHA:688337) shares opened 19% below the offer price in a weak Hong Kong debut on Thursday morning.The electronic test and measurement company opened at HK$37.36 per share, compared with the offer price of HK$45.98.
Rigol Technologies (SHA:688337, HKG:0537) set the offer price for its Hong Kong initial public offering at HK$45.98 per share, according to a Wednesday filing with the Hong Kong bourse.Trading in the H-shares is scheduled to begin on Thursday.
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.
Rigol Technologies (HKG:0537, SHA:688337) launched its Hong Kong initial public offering on Tuesday, seeking to raise up to HK$1.14 billion.The electronic test and measurement instrument company is offering 24.8 million H shares at a maximum price of HK$45.98 each, according to a Hong Kong bourse filing.The offering comprises 2.5 million shares for Hong Kong investors and 22.3 million shares for international investors, with the latter subject to reallocation.The offer price is expected to be determined by July 7, with allocation results due by July 8, ahead of the company's planned trading debut on July 9.Net proceeds will be used primarily to enhance the company's research and development capabilities, expand production capacity and automation, and pursue strategic investments and acquisitions.The company also plans to use the funds to strengthen its global sales, marketing, and service network, as well as for working capital and general corporate purposes.The offering has attracted seven cornerstone investors, including HHLR Advisors, CPE Hemlock, Suzhou High-tech Zone, Hua Yuan, Sungrow Power HK, CITIC Prudential Fund, and Panglin Group, which have agreed to subscribe for shares worth a total of $61.3 million.CITIC Securities (Hong Kong) is serving as the sole sponsor. CLSA is acting as sponsor-overall coordinator, overall coordinator, joint global coordinator, joint bookrunner, and joint lead manager.CMB International Capital and ICBC International Securities are serving as overall coordinators, joint global coordinators, joint bookrunners and joint lead managers, according to the prospectus.
Rigol Technologies (SHA:688337) said the Hong Kong Stock Exchange has reviewed its listing application after the June 18 hearing.The proposed H-share listing still requires final clearance from the Hong Kong bourse and Securities and Futures Commission, according to a Wednesday filing with the Shanghai bourse.The electronic test equipment manufacturer applied for listing on the Hong Kong bourse in September 2025.Shares of Rigol Technologies were down 3% in recent trade.
