15 stories mentioning SHE:300308Updated just now
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Zhongji Innolight (SHE:300308) has an average rating of buy and mean price target of 1,514.32 yuan, 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.
Zhongji Innolight (SHE:300308) is set to price its share offering in Hong Kong of about 54.5 million shares at around HK$980 apiece, Bloomberg reported Monday, citing people familiar with the matter.The share listing, the biggest in the city since Alibaba's (HKG:9988) 2019 listing, would be priced below the HK$1,010 maximum price Innolight has been marketing the shares for, Bloomberg said.Should the overallotment option be triggered, the offering could grow to about $7.8 billion, the report said.Innolight did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Zhongji Innolight (SHE:300308) has an average rating of buy and mean price target of 1,367.15 yuan, 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)
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.
Zhongji Innolight (SHE:300308) has started analyst meetings with investors ahead of its planned Hong Kong listing, Bloomberg News reported Monday, citing deal terms seen by the news agency.The Shenzhen-listed maker of optical transceivers used in data centers could begin taking investor orders as soon as this week and raise as much as $8 billion, according to the report.If completed at that size, the offering would reportedly be Hong Kong's largest initial public offering in seven years.Innolight did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Zhongji Innolight (SHE:300308) is set to get a green light for a Hong Kong listing from China Securities Regulatory Commission, Bloomberg reported citing people familiar with the matter.If approved, Innolight may request a hearing with the Hong Kong Stock Exchange as early as this week, the people said, while asking to not to be identified.The optical communications module and device maker is looking to raise $7 billion from the listing, with details yet to be finalized, Bloomberg said, citing the people.Zhongji Innolight did not immediately respond to' request for a comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Zhongji Innolight (SHE:300308) has confidentially filed for a Hong Kong initial public offering that could raise as much as $7 billion, Reuters reported Tuesday, citing sources with direct knowledge of the matter.The Chinese optical parts maker could launch its IPO as early as mid-July after securing clearance from Chinese regulators for an additional listing by late June, the report said.The firm had initially planned to raise about $5 billion but upsized the potential IPO to $7 billion after strong investor interest during roadshows, one of the sources told the news agency.Zhongji Innolight did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Zhongji Innolight (SHE:300308) called the online article claiming to be its chair's speech at a 2026 Optical Interconnection Forum as "malicious false content."The company said it has no knowledge of such an event and neither it nor its chair authored or delivered the alleged remarks, according to a Monday filing with the Shenzhen bourse.Shares of the optical communications module and device maker declined 2% in recent trade.
Zhongji Innolight (SHE:300308) posted first-quarter attributable net profit of 5.73 billion yuan, up 262% from 1.58 billion yuan the previous year.Earnings per share rose to 5.14 yuan from 1.43 yuan, according to a Friday filing with the Shenzhen bourse.Operating revenue jumped 192% year over year to 19.5 billion yuan from 6.67 billion yuan.Shares of the optical communications module and device maker jumped 5% in recent trade.
