①Zhuo Neng (Group) reported a loss of nearly HKD 1 billion in the last fiscal year. How significant is the change compared to the same period last year? ②China Xinlianxin Fertilizer’s Jiangxi project has officially commenced operations. What are the highlights?
Cailian Press, September 23 (Edited by Feng Yi and Tang Zanqi), brings you today's key announcements for Hong Kong stocks.
1) Company News
Postal Savings Bank of China (01658.HK): Plans to absorb and merge its wholly-owned subsidiary, Zhongyou Youhui Wanji Bank.
China Xinlianxin Fertilizer (01866.HK): The first phase of its Jiangxi base industrial chain extension project has successfully commenced operations, with an annual designed production capacity of 600,000 tons of synthetic ammonia and 1.2 million tons of slow-release and controlled-release fertilizers.
Weimeng Group (02013.HK): Established Weimeng Overseas and became the exclusive strategic partner of Genstore.ai in China.
Zhuo Neng (Group) (00131.HK): Annual net loss was HKD 989 million, representing a year-on-year increase.
Sino Biopharm (01177.HK): LM-2417 "NaPi2b/4-1BB bispecific antibody" has completed the enrollment of the first patient in Phase I clinical trials in China. It will be used as an adjunctive treatment for tumors.
Hengrui Pharma (01276.HK): The new indication drug marketing authorization application for Adebrelimab Injection has been accepted by the National Medical Products Administration.
Jiufang Zhitou Holdings (09636.HK): Plans to make a strategic investment in EX.IO, a licensed virtual asset trading platform in Hong Kong, to accelerate the overseas digital asset business layout and market expansion.
2) Buyback Dynamics
Tencent (00700.HK): Repurchased 867,000 shares for HKD 550 million at a price range of HKD 627-643 per share.
HSBC Holdings (00005.HK): Repurchased 1.49 million shares for approximately HKD 159 million at a price range of HKD 106.4-107.2 per share.
Hang Seng Bank (00011.HK): Repurchased 200,000 shares for HKD 23.57 million at a price range of HKD 116.8-118.8 per share.
Sinopec (00386.HK): Repurchased 5.51 million shares for approximately HKD 22.443 million at a price range of HKD 4.07-4.09 per share.
