Glonghui, May 21 | Shaw Brothers (0953.hk) bucked the trend. At one point, it rose nearly 28% to HK$0.147 during the intraday period. The stock price hit a new high since November 2023. The exact reason why Shaw Brothers bucked the trend today is unknown, but it is worth noting that the TV broadcast (0511.HK) previously announced that on May 13, 2024, the company signed a subscription agreement with Shaw Brothers, a majority shareholder, to issue approximately 20 million subscription shares to Shaw Brothers at a subscription price of HK$4 per share, and a net raise of about HK$78.8 million, which will be used for general corporate purposes, including the working capital of the group's co-production project with streaming platform partners in mainland China.
港股异动丨邵氏兄弟逆势大涨近28%，创逾半年新高
Hong Kong stock changes丨The Shaw Brothers bucked the trend and surged nearly 28%, hitting a new high of more than half a year
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