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SHE:300476

8 stories mentioning SHE:300476

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Asia

Victory Giant Technology Logs 8% Rise in Q1 2026 Profit

Victory Giant Technology (HKG:2476, SHE:300476) booked 1.29 billion yuan in attributable profit for the first quarter of 2026, up 40% from 920.6 million yuan a year earlier, according to a Hong Kong bourse filing Tuesday.The printed circuit board manufacturer's Hong Kong shares gained nearly 8% in late morning trade Wednesday.Earnings per share were 1.48 yuan, compared with 1.07 yuan in the prior year period.Operating income rose 28% to 5.52 billion yuan, figures showed.

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Asia

Victory Giant Technology Nets HK$3 Billion From Full Exercise of IPO Over-Allotment Option

Victory Giant Technology (HKG:2476, SHE:300476) said the overallotment option of its Hong Kong initial public offering was fully exercised on Wednesday, according to a same-day Hong Kong bourse filing.The China-based printed circuit board manufacturer expects to raise about HK$3 billion in additional net proceeds.The exercise involved the issue of 14.4 million additional shares at HK$209.88 each, representing about 15% of the total offer shares available under the global offering.Dealings in the over-allotment shares are expected to begin on April 27, the filing said.

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Asia

Hong Kong Stocks End Higher Amid Middle East Developments; Victory Giant Technology Shines in Debut

Hong Kong stocks closed marginally higher Tuesday as investors tracked the latest developments in the Middle East, including reports Iran was considering attending a second round of peace talks in Islamabad.The Hang Seng Index rose by around 126.41 points, or roughly 0.5%, to end at 26,487.48, while the Hang Seng China Enterprises Index increased by 44.48 points, or around 0.5%, to close at 8,943.54.Rhetoric between Iran and the U.S. intensified as a two-week ceasefire between the sides neared its end, with uncertainty over whether the countries will attend a second round of peace talks in Pakistan.A senior Iranian official told Reuters the country may send a delegation to attend the talks, while analysts from Westpac noted that the potential talks in Islamabad remain likely, Reuters reported.Meanwhile, Hong Kong's Securities and Futures Commission rolled out a new regulatory framework to enable secondary trading of tokenized investment products.The initiative will initially allow trading of tokenized SFC-authorized open-ended funds on licensed virtual asset trading platforms, with the regulator also open to considering over-the-counter arrangements on a case-by-case basis.In corporate news, Victory Giant Technology (HKG:2476; SHE:300476) shined in its Hong Kong debut after shares closed at HK$315 per share, 50% above their offer price of HK$209.88.Elsewhere, Sunmi Technology (HKG:6810) launched its Hong Kong initial public offering to raise about HK$1.06 billion.The Chinese IoT services provider is offering 42.6 million H-shares at HK$24.86 apiece to raise funds for research and development and strengthen supply chain and manufacturing capabilities.

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Asia

Victory Giant Technology Jumps 57% in Hong Kong Trading Debut

Victory Giant Technology's (HKG:2476; SHE:300476) shares opened 57.2% above their initial public offering price in a stellar Hong Kong debut on Tuesday morning.The China-based printed circuit board manufacturer opened at HK$330.00 per share, well above the offer price of HK$209.88.

HKG:2476SHE:300476
Asia

Victory Giant Technology Nets HK$19.9 Billion in Hong Kong IPO Ahead of Debut

Victory Giant Technology (HKG:2476, SHE:300476) raised HK$19.89 billion in net proceeds from its initial public offering in Hong Kong.The final offer price was set at HK$209.88 per H-share, according to a Monday after-market filing with the Hong Kong Stock Exchange.The China-based printed circuit board manufacturer offered 95.9 million H-shares in the global offering.The Hong Kong public offer was 431.15 times subscribed, with a final allocation of 8.3 million shares, representing about 8.2% of the total offering.The international offering was 18.5 times subscribed, with a final allocation of 87.5 million shares, or about 91.3% of the total offering.An over-allocation of 14.4 million shares was made under the global offering.Cornerstone investors, including CPE Rosewood Investment, Janchor Partners Pan-Asian Master Fund, Yunfeng Capital, Morgan Stanley, and HHLR Advisors, were allotted a combined 37.2 million shares, according to the filing.Victory Giant Technology is scheduled to debut on the Hong Kong bourse on Tuesday, April 21.

HKG:2476SHE:300476
Asia

Market Chatter: Victory Giant Technology Set to Price Hong Kong IPO at Top End

Victory Giant Technology (HKG:2476, SHE:300476) is expected to price its Hong Kong initial public offering at HK$209.88 per share, the top of its indicated range, Bloomberg News reported Wednesday, citing people familiar with the matter.The Chinese printed circuit board maker is also considering an option to increase the deal size to as much as $2.6 billion, the report said.The company launched the Hong Kong offering on Monday, seeking to raise up to HK$17.5 billion in one of the city's largest listings this year, despite market volatility driven by tensions in the Middle East.(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.)

HKG:2476SHE:300476
Asia

Hong Kong Stocks Fall as US Moves to Blockade Iranian Ports; Joy Spreader Surges on AI Tie-Up

Hong Kong stocks declined on Monday as investors grew cautious after U.S.-Iran talks collapsed, with plans to blockade Iranian ports adding to uncertainty.The Hang Seng Index fell 232.69 points, or 0.9%, to close at 25,660.85, while the Hang Seng China Enterprises Index dropped 52.98 points, or 0.6%, to 8,602.06.U.S. President Donald Trump said Sunday that the Navy would begin blockading the Strait of Hormuz, putting a fragile two-week ceasefire at risk.The U.S. Central Command said the blockade, set to begin on Monday, will apply to all vessels entering or leaving Iranian ports and coastal areas.Meanwhile, Iran's Islamic Revolutionary Guard Corps warned that any military vessels approaching the strait would be treated as violating the ceasefire and met with a decisive response.The escalating tensions rippled through commodity markets, with oil prices climbing above $100 a barrel, while gold slipped to a near one-week low as a stronger dollar weighed on demand.In corporate news, Joy Spreader (HKG:6988) surged nearly 99% after partnering with Beijing Volcano Engine Technology to deploy artificial intelligence across its operations.Meanwhile, Victory Giant Technology (HKG:2476, SHE:300476) launched a Hong Kong listing to raise up to HK$17.5 billion, moving ahead with one of the city's largest listings this year despite Middle East-driven market volatility.

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Asia

Victory Giant Technology Seeks Up to HK$17.5 Billion in Hong Kong IPO

Victory Giant Technology (HKG:2476, SHE:300476) launched its Hong Kong initial public offering on Monday, seeking to raise up to HK$17.5 billion from the deal.The China-based printed circuit board manufacturer is offering 83.3 million H-shares at a maximum price of HK$209.88 per share, according to a Hong Kong bourse filing.The offering comprises 8.3 million shares for Hong Kong investors and 75 million shares for international investors, subject to reallocation, the offer size adjustment option, and the overallotment option.The offer price is expected to be determined by April 17, with allocation results due by April 20, ahead of the company's planned trading debut on April 21.Net proceeds will be used mainly to expand production capacity in mainland China, including investments in smart manufacturing equipment and automation to improve efficiency and market reach.The funds will also support product diversification in advanced PCB technologies, research and development, and provide for working capital and general corporate purposes.J.P. Morgan Securities (Far East), China Securities (International) Corporate Finance, and GF Capital (Hong Kong) are acting as joint sponsors.J.P. Morgan Securities (Asia Pacific), China Securities (International) Corporate Finance, and GF Securities (Hong Kong) Brokerage are serving as sponsor-overall coordinators, overall coordinators, joint global coordinators, joint bookrunners, and joint lead managers.ABCI Capital and China International Capital Corporation Hong Kong Securities are also acting as joint global coordinators, joint bookrunners, and joint lead managers, while Huatai Financial Holdings (Hong Kong) is serving as a joint lead manager.

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