Hong Kong Stock Announcement Highlights | Ganfeng Lithium to Introduce Strategic Investor Wanxin Green Energy for Approximately RMB 664 Million Acquisition of 44.2361% Stake in Shenzhen Yichu

Stock News
Oct 19

**Major Developments**: Ganfeng Lithium (01772) plans to introduce strategic investor Wanxin Green Energy, acquiring a 44.2361% stake in Shenzhen Yichu for approximately RMB 664 million. Aneng Logistics (09956) has received a non-binding acquisition proposal from a consortium. Duality Bio-B (09606) intends to issue RMB shares for listing on the STAR Market of the Shanghai Stock Exchange. Fosun Pharma (02196): The Shenzhen Biomedicine Industry Fund plans to invest RMB 600 million to participate in Fosun Kerry's Series A financing. Shi Si Pharmaceutical Group (02005): Left Amlodipine Besylate tablets have received production registration approval. Kelun-Bio (06990): The core product of Bodo Trastuzumab for treating 2L+ HER2+ breast cancer has been approved for market launch by the National Medical Products Administration. Anhui Anqing (02696): The injectable HLX43 for thymic epithelial tumor treatment has been granted orphan drug designation by the U.S. Food and Drug Administration. CanSino Biologics-B (09966): The latest results of the Phase III clinical trial for KN026 will be presented as an LBA oral report at the 2025 ESMO conference. Youzhiyou Bio-B (02496): Interim data from the Phase II study of M701 for malignant pleural effusion will be released at the 2025 ESMO conference. Haixi New Drug (02637) has set a price limit, with its public offering in Hong Kong receiving 3165.1 times subscription. China National Nuclear Corporation (01763) has signed a memorandum of understanding for cooperation with the Brazilian National Nuclear Energy Commission to actively expand its international cooperation layout. Hong Kong Travel International (00308) has been granted a maximum of HKD 500 million non-committed revolving loan financing. Tianqi Lithium (09696): The Jiangsu Zhangjiagang project with an annual output of 30,000 tons of lithium hydroxide has successfully produced its first bag of battery-grade lithium hydroxide product. Weigao (01066): Weigao Blood Purification plans to issue exchangeable shares to acquire 100% of Weigao Purui. Zhonghuan New Energy (01735) has reached a strategic cooperation with Jilin Huajin to jointly promote green methanol and new energy projects. Jinjing New Energy (01783) plans to issue 50 million shares at a 1.31% premium, netting around HKD 154.9 million. **Share Repurchase/Changes in Holdings**: Xiaomi Group-W (01810) repurchased 10.7 million shares for HKD 494 million on October 17. Midea Group (00300) repurchased 3.0182 million A shares for HKD 220 million on October 17. **Operating Performance**: China Life (02628) has issued a positive profit warning, expecting net profit attributable to shareholders for the first three quarters to be between RMB 156.785 billion to RMB 177.689 billion, representing a year-on-year growth of about 50% to 70%. CH DISPLAY OPT (00334) reported total sales of 62.2 million units in the first three quarters, an increase of 84.3% year-on-year, with revenues rising by 83.8% to approximately RMB 5.407 billion. SF Holding (06936) reported a total revenue of RMB 27.007 billion from its express logistics, supply chain, and international businesses in September, an increase of 8.78% year-on-year. Lianyi Technology-W (09959) reported a total transaction volume processed by technological solutions of RMB 336.19 billion in the first three quarters, a year-on-year increase of 28.2%. Tsugami Machinery China (01651) issued a positive profit warning, expecting a mid-term profit attributable to shareholders of approximately RMB 502 million, an increase of about 48% year-on-year. Sinopec Engineering (02386) reported a total contract value signed in the first three quarters of RMB 91.347 billion, a year-on-year increase of 24.4%. Zijin Mining (02899) reported a net profit attributable to shareholders of RMB 37.864 billion in the first three quarters, a growth of 55.45% year-on-year. Zijin Gold International (02259) produced 32 tons of gold in the first nine months, with a net profit attributable to shareholders of USD 905 million. Chow Tai Fook (01929) reported a year-on-year increase of 4.1% in retail value for the second quarter. Xtep International (01368): The main brand Xtep achieved low single-digit year-on-year growth in retail sales in mainland China during the third quarter.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10