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China Sinostar Sets Board Meeting to Approve 2025–26 Annual Results
Hong Kong property prices are expected to rise by 3.3% in 2025, marking the first annual increase in four years.
Hong Kong's residential property prices have reached a turning point after three years of decline. Lower interest rates and reduced inventory have driven an improvement in market sentiment, with the full-year property prices for 2025 recording their first annual increase since 2021. Data released on Wednesday by the Hong Kong government's Rating and Valuation Department showed that private residential property prices rose 3.3% for the whole of 2025. In December, property prices increased by 0.2% month-on-month, marking the seventh consecutive month of growth, following a revised 1.1% increase in November. This shift indicates that Hong Kong's property market may have bottomed out. Over the past three years, factors such as high mortgage interest rates and weak economic prospects led to a loss of professionals.
S&P Futures Tread Water Ahead of FOMC Meeting Minutes
China Huaxing (00485.HK) received an over-the-counter purchase of 42 million ordinary shares by Harvest Fortune Investment Limited and its affiliates, valued at approximately HKD 12.6 million.
According to a report on December 30, a document disclosed by the Hong Kong Stock Exchange on December 30 showed that Harvest Fortune Investment Limited purchased 42 million ordinary shares of China Huaxing (00485.HK) over-the-counter at an average price of HK$0.3 per share on December 23, with a total value of approximately HK$12.6 million. After the purchase, Harvest Fortune Investment Limited's total shareholding increased to 42 million shares, and its long position ratio rose from 0.00% to 16.48%. This transaction...
China Sinostar Completes HK$0.30 Share Subscription, Diluting Controlling Stake
China Huaxing (00485.HK) Completes Placement of 42 Million Shares
Gelonghui December 23rd丨China Huaxing (00485.HK) announced that it has entered into a subscription agreement with the subscriber, Harvest Fortune Investment Limited. According to the agreement, the subscriber has conditionally agreed to subscribe, and the company has conditionally agreed to allot and issue a total of 42 million shares at a subscription price of HKD 0.30 per share, representing a discount of approximately 6.25% compared to the closing price of HKD 0.32 per share as reported on the Hong Kong Stock Exchange; all conditions stipulated in the subscription agreement have been fulfilled, and the completion has taken place on December 23, 2025, in accordance with the terms and conditions of the subscription agreement.