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ZHITONG HK Connect Holding Ratio Anomaly Tracker | July 21
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MicroPort Scientific Unit Eyes Sale of Controlling Stake in Orthopedics Business
Hong Kong Market Midday Commentary | All three major indices rose, with the Hang Seng Tech Index gaining over 3%; tech and internet stocks advanced, Xiaomi and Kuaishou up more than 6%, and Meituan climbing over 5%; new energy vehicle and new consumption
Technology and internet stocks rose across the board, with Xiaomi Group-W up 6.26% and Kuaishou-W up 6.26%; semiconductor stocks declined, with Montage Technology down 17.15% and OmniVision Technologies up 8.35%; gold mining stocks rose uniformly, with Zhufeng Gold up 13.10% and Zijin Mining International up 5.65%;
HK Stock Market Movement | MicroPort (00853.HK) Rises Over 6% as Tinavi Plans to Acquire Controlling Stake in Shanghai MicroPort Orthopedics, Accelerating Expansion into the Global Integrated Orthopedic Market
MicroPort Medical (00853.HK) rose more than 6% in the morning session. As of the time of reporting, it was up 6.05% at HK$7.36, with a trading volume of HK$158 million.
Tinavi to "Address Weaknesses" by Acquiring Controlling Stake in Shanghai MicroPort Orthopedics; MicroPort Medical's Asset Divestment Advances Further | Announcement Summary
① Tinavi plans to issue shares to acquire 82.29% of the equity interest in Shanghai MicroPort Orthopedics, constituting a major asset restructuring; ② Tinavi is China’s leading orthopedic surgical robotics company, with a market share exceeding 40%, but has been incurring continuous losses, while the target company primarily engages in overseas orthopedic implants; ③ This transaction will address Tinavi’s weaknesses and represents a continuation of MicroPort Medical’s ongoing asset divestment strategy in recent years.
JPMorgan Chase sold approximately 745,600 shares of MicroPort Scientific Corporation (HKEX: 0853) at HK$6.7024 per share.
The latest number of shares held after the reduction is approximately 191 million, representing a holding ratio of 9.97%.