HK Movers | Star Sports Medicine Stock Soars 244% in Hong Kong's Grey Market Trading

Tiger Newspress

05/04

Medical device maker STAR SPORTS MED soared 244% in Hong Kong’s grey market trading.

Founded in 2017, Star Sports makes and sells medical implants and surgical equipment used in sports medicine. The company’s revenue rose 23% last year to 403 million yuan ($59 million) from 327 million yuan in 2024, while its profit over that period rose 44% to 137 million yuan from 95.4 million yuan.

The company plans to use 30% of its IPO proceeds to expand its production capacity, while another 35% will go to product development. Another 25% will go to sales and marketing, with the remaining 10% earmarked for working capital.

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Another 25% will go to sales and marketing, with the remaining 10% earmarked for working capital.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01609","symbol_name":"天星医疗","start_time":0,"source_url":"","article_id":"1186784029","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1186784029","pubTimestamp":1777883176,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"Medical device maker  $STAR SPORTS MED(01609)$  soared 244% in Hong Kong’s grey market trading. 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