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Lemo Technology (02539) has entered into a joint venture agreement with Shanghai Maoyihui to establish a joint venture entity.
Lemo Technology (02539) announced that, after the trading hours on February 12, 2026, the company entered into a joint venture agreement with Shanghai Maoyihui to establish a joint venture entity, which will mainly engage in providing robotic massage services in office spaces.
Hong Kong Stock Movement | Lemao Technology (02539) extended its decline by nearly 10% in the afternoon session, with its share price hitting a new low since listing.
Lemo Technology (02539) fell nearly 10% in the afternoon session, hitting a record low of HKD 46 since its listing.
With a nearly 60% increase over eight trading days, is there a "short-term opportunity" in the price action of Lemote Technology (02539)?
The stock price has risen by more than 58% compared to the issue price over eight trading sessions. Behind the fluctuation in the trading of Lemote Technology (02539), the process of major capital entering, pushing up prices, and consolidating positions is revealed. What secrets lie behind the reluctance to sell?
Lemo Technology (02539.HK), a recent IPO, plunged 20%.
Lemo Technology (02539.HK), a newly listed stock that debuted last Wednesday (July 3), plummeted from its historical high reached on the previous day (July 8). The stock opened 4.1% lower this morning (July 9) and extended its losses, plunging 25.7% to a low of HK$63. In late trading, it was last quoted at HK$66.05, representing a decline of 22.11%. The trading volume amounted to 605,800 shares, with a total turnover of HK$42.76 million. The company is a provider of massage services and received an overwhelming response for its Hong Kong public offering, registering 7,324.29 times oversubscription, with a lottery allocation rate of only 0.8% for one lot (100 shares). The international placement recorded 6.78 times oversubscription. The final offer price was set at the upper limit of the indicative range, HK$40 (between HK$27 and HK$40).
Jin10 Global Financial Morning Briefing | December 9, 2025
Trump is set to issue an executive order establishing a unified rule for AI, Russia will impose restrictions on gold bar exports starting next year, a 7.5-magnitude earthquake occurred near the eastern coast of Japan's Honshu region, and the Political Bureau of the Central Committee of the Communist Party of China held a meeting... What major events took place around the world overnight and this morning?
Hong Kong stocks' newly listed and recently listed shares surged collectively.
Gelonghui December 8 | New and recent IPOs on the Hong Kong stock market collectively surged, with Zhejiang Excellence Rixin closing up 103% on its first day of trading. Tianyu Semiconductor rose 23% in late trading on its second day of listing, hitting a new high since its IPO, while Lemote Technology surged over 38% on its fourth trading day, also reaching a record high post-listing.