The Zhitong Finance App learned that Qiantang Holdings (01466) continued to rise in early trading. At one point it rose more than 40%, then narrowed to around 25%, with a cumulative increase of about 1.1 times in the past two days. Recently, the company completed a stock offering and achieved a net capital raise of about HK$302.9 million. As of press release, Qiantang Holdings rose 24.74% to HK$0.237, with a turnover of HK$101 million.

Recently, Qiantang Holdings (01466) completed a stock offering, achieving a net capital raising of approximately HK$302.9 million to repay group loans and use it as general working capital.

Qiantang Holdings is mainly engaged in the procurement, processing, design, production and wholesale distribution of pearl and jewelry products, of which the revenue from the US has reached 86.18%. According to the latest interim results, we achieved revenue of HK$31 million during the period and net income of HK$014 million.