Understanding the Market | YOUZAN rises over 6%, the background of its listing on the Growth Enterprise Market drags down the company's valuation, and the company plans to transfer to the main board
YOUZAN rose over 6%, and as of the time of writing, it is up 4.65%, priced at HKD 0.225, with a trading volume of HKD 104 million. In terms of news, YOUZAN is currently actively exploring and evaluating the possibility of transferring all of its shares from the Hong Kong Stock Exchange GEM to the main board. The assessment regarding the potential transfer to the main board is still in the preliminary stage, and no formal application has been submitted to the Hong Kong Stock Exchange yet. The company stated that it will issue another announcement at the appropriate time to inform about any subsequent developments regarding the potential transfer to the main board. Guo Zheng International believes that the background of being listed on the Hong Kong Stock Exchange GEM has dragged down the company's valuation, and if the transfer to the main board is successful, combined with improving operating performance, the company's valuation is expected to be enhanced
According to Zhitong Finance APP, YOUZAN (08083) has risen over 6% again, and as of the time of writing, it is up 4.65%, priced at HKD 0.225, with a transaction volume of HKD 104 million.
In terms of news, YOUZAN is currently actively exploring and evaluating the possibility of transferring all of its shares from the Hong Kong Stock Exchange's GEM to the main board. The assessment regarding the potential transfer is still in the preliminary stage, and no formal application has been submitted to the Hong Kong Stock Exchange yet. The company stated that it will issue another announcement at the appropriate time to inform about any subsequent developments regarding the potential transfer to the main board. Guo Zheng International believes that the background of being listed on the Hong Kong Stock Exchange's GEM has dragged down the company's valuation, and if the transfer to the main board is successful, combined with improving operating performance, the company's valuation is expected to increase
