According to the Zhītōng Cáijīng APP, GEEQI EXPRESS-W (01519) is now up more than 4%, and as of the time of publication, it is up 3.92%, at HKD 7.96, with a turnover of HKD 41,838,100.
On May 29th, according to the Shenzhen Stock Exchange announcement, the list of Hong Kong stock connect securities under the Shenzhen-Hong Kong Stock Connect has been adjusted, and GEEQI EXPRESS-W has been added to the list, effective from May 29th, 2024. At the same time, GEEQI EXPRESS-W has also been added to the list of Hong Kong stock connect securities under the Shanghai-Hong Kong Stock Connect, effective from May 29th, 2024.
In addition, on May 8th, GEEQI EXPRESS-J&T Express announced that it had achieved an important milestone by receiving tens of millions of dollars in investment from Yida Capital and a Middle Eastern consortium. Zhong Yin International stated in a research report that the investment is beneficial for GEEQI EXPRESS to deepen its international layout and accelerate its penetration of the Middle Eastern market. The bank pointed out that GEEQI EXPRESS's implementation of a localization strategy is suitable for the Middle Eastern market and has laid a solid foundation for its listing in Saudi Arabia.