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Xianghui Mining (01625) decided to delay global sale and listing
Xianghui Mining (01625) issued an announcement deciding to delay the global sale and listing. On October 30, 2017, the company refunded this portion of the amount to the applicant for the difference between the maximum sale price and the sale price of HK$0.50 determined on the pricing date.
IPO dark marketingXianghui Mining (01625) closed 58% higher and earned 1,160 yuan in one hand
Marble mining and processing company Xianghui Mining (01625) will be listed tomorrow morning. According to Phillip Exchange data, Xianghui's dark market opening report was 0.55 yuan, up 10% from the prospectus price of 0.5 yuan; after that, it was 0.79 yuan higher, up 58%, and closed at a high level, with 4,000 shares per lot, no handling fees, making 1,160 yuan in one hand.
After 3 years of no revenue and losses, why did the Hong Kong Stock Exchange list Xianghui Mining (01625)?
From 2014 to 2016, Xianghui Mining (01625) lost money for 3 years without any income, but the Hong Kong Stock Exchange allowed him to go public. The reason for this is that Xianghui Mining is considered a “newborn.” Established in March 2016, Xianghui Mining mainly engages in marble mining and processing in Shiqian, Guizhou. It took 3 years to build the mine, only began production in 2017, and earned 10.67 million yuan in the first four months. If a company wants to be listed on the main board of Hong Kong stocks, it must meet revenue of 500 million Hong Kong dollars, or a net profit of at least 50 million Hong Kong dollars. However, the Hong Kong Stock Exchange
翔辉矿业(01625)公开发售超购8.66倍
翔辉矿业(01625-HK)下限0.5元定价
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