Hong Kong Stock Movement | YOUZAN (08083) Surges Over 6% Again as Company Plans Main Board Transfer to Address GEM Listing Valuation Drag

Stock News
Oct 08

YOUZAN (08083) surged over 6% again, and as of press time, the stock was up 4.65% to HK$0.225, with a turnover of HK$104 million. On the news front, YOUZAN is currently actively exploring and evaluating the possibility of transferring all company shares from the GEM to the Main Board of the Hong Kong Stock Exchange. The assessment regarding the potential board transfer is still in its preliminary stages, and no formal application has been submitted to the Hong Kong Stock Exchange yet. The company stated that it will issue separate announcements at appropriate times to provide timely updates on subsequent developments regarding the potential board transfer. Guosen International believes that the GEM listing background has dragged down the company's valuation, and if the transfer to the Main Board is successful, combined with improving operating performance, the company's valuation is expected to be enhanced.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10