Hong Kong Market IPO Watch: Meig Smart, Estun Automation, Zhaowei, and ALSCO Pooling Commence Public Offerings Today

Stock News
02/27

Meig Smart Technology Co., Ltd. (03268) commenced its public offering from February 27 to March 5, intending to issue 35 million H shares globally. Estun Automation Co., Ltd. (02715) started its offering from February 27 to March 4, planning a global sale of 96.78 million H shares. Shenzhen Zhaowei Machinery & Electronics Co., Ltd. (02692) initiated its public offering from February 27 to March 4 and is expected to list on March 9. ALSCO POOLING (02649) also began its offering from February 27 to March 4, with a plan to issue 20.336 million H shares worldwide.

A subsidiary of NIO-SW (09866) entered into a final agreement for an investment of RMB 2.257 billion. Tanwan (09890) secured exclusive dual-platform operating rights for the game "Tian Long Bu Bu 2: Fei Long Zhan Tian" and acquired a stake in the game developer Shanghai Yuelong. Beken Corporation-B (02170) announced that its Geri embryo culture medium received a medical device registration certificate from the National Medical Products Administration.

In corporate actions, Xiaomi Group-W (01810) repurchased 2.8322 million shares for approximately HK$99.9968 million on February 26. Geely Automobile Holdings Limited (00175) bought back 3.841 million shares for HK$63.118 million on the same day. J&T Global Express Limited (01519) repurchased 1.556 million shares for about HK$15.646 million on February 26.

Regarding financial results, Baidu Group-SW (09888) reported fourth-quarter total revenue of RMB 32.7 billion, a 5% increase sequentially, with total orders for its Apollo Go service surging over 200% year-on-year. Hong Kong Exchanges and Clearing Limited (00388) announced its full-year performance, with profit attributable to shareholders reaching HK$17.754 billion, a 36% year-on-year increase. Sun Hung Kai Properties Limited (00016) disclosed its interim results, showing a profit attributable to shareholders of HK$10.247 billion, up 36.21% year-on-year. Galaxy Entertainment Group Limited (00027) released its annual results, with profit attributable to shareholders rising 22% to HK$10.7 billion.

Chow Tai Fook Enterprises Limited (00659) reported interim results, with profit attributable to shareholders growing 15% year-on-year to HK$1.3343 billion. BeiGene, Ltd. (06160) showed strong performance, with adjusted net profit reaching approximately $918 million, turning a profit compared to the previous year. Zai Lab Limited (09688) reported total revenue of $460.2 million for the year, a 15% increase, with significant progress in its global innovative pipeline. Biocytogen Pharmaceuticals (Beijing) Co., Ltd. (02315) released a performance forecast, indicating net profit attributable to owners of the parent company grew 416.37% to RMB 173 million. CanSino Biologics Inc. (06185) issued a performance forecast, showing a net profit attributable to owners of RMB 27.8727 million, turning a profit year-on-year.

CLP Holdings Limited (00002) announced its annual results, with profit attributable to shareholders decreasing 10.85% to HK$10.468 billion. Zhenli New Energy (03677) expects its net profit to increase by up to eight times, reaching approximately RMB 680-820 million, significantly exceeding market expectations. Zhiyuan Holdings (00990) issued a profit alert, anticipating a net profit increase of about 126% to approximately HK$840 million.

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