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INGDAN (00400) exercised the rights to repurchase approximately 5.58% of the equity in Comtec Technology through its subsidiary.
INGDAN (00400) announced that as of December 31, 2024, investors who have exercised their rights have notified the company of...
INGDAN (00400.HK) exercises redemption rights.
Gelonghui January 1丨INGDAN (00400.HK) announced regarding the disclosed Trade related to the subscription agreement with Ke Tong Technology as well as the company's view as an asset sale. As of December 31, 2024, exercising investors have notified the company to exercise their redemption rights. Therefore, the company repurchased a total of approximately 5.58% of Ke Tong Technology's equity from exercising investors through its wholly-owned subsidiary KUGO Network ("Redemption"). The total amount payable by the company to the exercising investors in accordance with the Redemption ("Redemption Price") is approximately RMB 0.211 billion.
Quick look at the Hong Kong market | All three major Indices closed higher, the Science and Technology Index rose nearly 2%; technology, Autos, and Biotechnology stocks climbed, with Li Auto rising over 5%, and Xiaomi Group and WUXI BIO rising nearly 3%.
Many Network Technology stocks are rising, XIAOMI-W is up 2.84%, Baidu Group-SW is up 1.74%; Semiconductor stocks are all rising, HG SEMI is up 7.64%, BEKE is down 2.78%; Autos stocks are climbing, LEAPMOTOR is up 6.42%, BRILLIANCE CHI is up 6.29%;
Hong Kong stock midday review | All three indices rose, the Technology Index up over 1%; Autos, power, and Semiconductor stocks increased, with Li Auto and CHINA LONGYUAN rising nearly 4%, and Semiconductor Manufacturing International Corporation up over
Network Technology stocks are generally rising, XIAOMI-W is up 2.17%, SENSORY-W is up 2.03%; Electric Power stocks are all going up, HUADIAN POWER is up 4.53%, CHINA LONGYUAN is up 3.86%; Hong Kong Retail Stocks are generally rising, BOSSINI INT'L is down 6.78%, PRADA is up 2.59%;
Quick look at the Hong Kong market | The Hong Kong stock market continues to decline in the afternoon, with all three major indices falling over 2%; The drops in the tech, Autos, and Mainland Real Estate sectors have widened, with SUNAC down over 8%, Xpen
Network Technology stocks fell, MEITUAN-W dropped 3.73%, NTES-S fell 2.90%; most Alcoholic Beverages stocks declined, GRACEWINE dropped 9.36%, TIBET WATER rose 7.69%; most semiconductor stocks declined, SHEEN TAI rose 5.82%, HG SEMI fell 5.00%;
INGDAN: INTERIM REPORT 2024
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