Fog core technology (RLX.US), the largest manufacturer of e-cigarettes in China, was authorized by the board to repurchase up to $500 million shares plan, which rebounded 6.8% last night to $4.93 last night, closing $4.76, continued to rise nearly 22%.
The Hong Kong listed e-cigarette related stocks are also generally good today. Symour (06969.HK) has lifted more than 20 days and 10 antennas ($4,486 and 46.95), the highest rate of $47.15, reported $45.6, continued to rise 2.1%. Boton, China (03318.HK) weighed over 10 antennas (4.75 yuan), the highest see 4.85 yuan, is now 4.75 yuan, continued to rise 4.4%. BYD Electronics (00285.HK) challenges a hundred antennas (32.2 yuan), the highest saw 32.65 yuan, reported 31.95 yuan, continued to rise 4.4%.
However, Huabao International (00336.HK), which gave nearly 12% “pumped”, as low as 18.32 yuan, now reported 18.58 yuan, down 8.5%, led by the allocation of shares on the board increased to 180 million shares. Huabao announced the new placing of about 122 million shares at $17.88 per share (nearly 12% discount compared to yesterday's closing price). The company is expected to net raise about $2.16 billion for debt repayment, acquisition or investment in the business to take advantage of the Group's competitive advantage, etc.