Four Hong Kong-listed Companies Launch IPO Processes, Including Medical Robotics Firm, While Able Digital Inks Major Partnership with Alibaba Cloud

Stock News
06/22

Several significant corporate developments have been announced in the Hong Kong market, covering new share offerings, strategic partnerships, and investment activities.

Key Corporate Actions

The medical robotics company TH Medical-B (HKEX: 02697), often referred to as the first publicly listed surgical robotics firm, commenced its public offering on June 22nd. The price range for the shares has been set between HK$119.3 and HK$135.4.

Jiangxi Bio (HKEX: 06915) has also initiated its share sale, which will run from June 22nd to June 25th. The company plans a global offering of 36.2345 million H-shares.

Laifual (HKEX: 03952) is offering 13.4419 million H-shares globally, with its subscription period also spanning from June 22nd to June 25th.

Xunlong SciTech (HKEX: 06715) is another firm launching its public offering during the same period, with a planned global issuance of 16.3329 million H-shares.

Able Digital (HKEX: 02687) has entered into a comprehensive and in-depth cooperation framework agreement with Alibaba Cloud Computing Co., Ltd.

Jinshang Bank (HKEX: 02558) intends to invest RMB 730 million to subscribe for 500 million newly issued shares of Jinshang Consumer Finance, which would increase its stake in the company to 70%.

SHOUCHENG (HKEX: 00697) has made an investment in Zhizi Xinyuan, aiming to support the large-scale deployment of the latter's core products.

XuanzhuBio-B (HKEX: 02575) announced that the first patient has been enrolled in a Phase III clinical trial for a new indication of its drug Anaprazole Sodium, targeting Helicobacter pylori eradication.

Sunshine Pharma (HKEX: 06887) has received acceptance from the National Medical Products Administration for the clinical trial application of its new drug, HEC-921 injection, which is a bispecific antibody targeting LY6G6D/4-1BB.

FOREST CABIN (HKEX: 02657) has been included in the FTSE Global Equity Index Series.

CATL (HKEX: 03750) has had its international credit rating upgraded.

Financial and Operational Data

SF HOLDING (HKEX: 06936) reported a combined revenue of RMB 26.586 billion for its express logistics, supply chain, and international businesses in May, representing a year-on-year increase of 5.87%.

SDHS NEW ENERGY (HKEX: 01250) achieved an operational power generation volume of approximately 577,800 MWh in April.

DATANG RENEW (HKEX: 01798) reported a cumulative power generation volume of 14.5464 million MWh for the first five months of the year, marking a decrease of 9.96% compared to the same period last year.

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