HK Stock Market Move | GVM Holdings Limited (01920) resumed trading in the afternoon and rose 36%. Clarified that the offering price is HK$0.441 per share.
The stock of Giant Beauty Group (01920) resumed trading in the afternoon and surged 36%. As of the time of writing, it rose 36% to 0.68 Hong Kong dollars, with a trading volume of 2.06 million Hong Kong dollars.
Jumei Group (01920) resumed trading in the afternoon, rising 36% by the time of publication, with a price of 0.68 Hong Kong dollars and a trading volume of 2.06 million Hong Kong dollars.
On the news front, Jumei Group issued a clarification announcement at noon, stating that the issue price for each share in the placement was 0.441 Hong Kong dollars, rather than the previously announced 0.434 Hong Kong dollars per share. The company stated that the issue price of 0.441 Hong Kong dollars per share represents a discount of approximately 11.8% compared to the closing price of 0.5 Hong Kong dollars per share on the Stock Exchange at the time of the placement agreement or before the suspension. The net proceeds from the placement are expected to be approximately 32.5 million Hong Kong dollars, which will be used for potential new projects and operational funds.
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