BENQ HOLDING(02581.HK)

Cowealth Medical China Signs Supply Contract With BenQ Hospitals

Cowealth Medical China Co Ltd :SAYS IT SIGNED 8-YEAR SUPPLY CONTRACT WORTH MINIMUM 600 MILLION YUAN ($86.17 million) WITH BENQ HOSPITALS($1 = 6.9631 Chinese yuan renminbi)

Four new stocks listed on the Hong Kong stock market this year all fell below their issue prices on the first day of trading

On December 22, four companies listed on the Hong Kong stock market collectively experienced a decline on their first trading day, namely B&K CORP-B, BENQ HOLDING, NANHUA FUTURES, and IMPRESSION DHP, with first-day drop rates of 29%, 49%, 24%, and 35% respectively. This marks the first occurrence in 2025 of four new stocks collectively declining on their first trading day in the Hong Kong stock market. BENQ HOLDING set a record for the largest first-day drop among new stocks in the Hong Kong market this year. The overall performance of the Hong Kong stock market is under pressure, with an increase in the number of IPOs, average fundamental performance, leading to greater pressure on new stock issuances. The first-day drop rate for Hong Kong IPOs this year is 29%, with nearly half of the new stocks in the fourth quarter experiencing declines

Brief News: BENQ HOLDING first listed, dropped over 40% in half a day

BENQ HOLDING Group Co., Ltd. was listed on the Hong Kong Stock Exchange, with its stock price dropping significantly on the first day, down 42.29% from the offering price. The company offered a total of 67 million shares globally, raising a net amount of HKD 555 million. The Hong Kong public offering was oversubscribed by 5.28 times, while the international offering was oversubscribed by 1.28 times. The company plans to use the raised funds for hospital expansion, upgrades, and potential investment mergers and acquisitions

"New Stocks" BENQ HOLDING half-day closing at HKD 5.39, 42.3% lower than the listing price

BENQ HOLDING listed on its first day, opening at HKD 6.5, down 30.4% from the listing price of HKD 9.34. The highest/lowest prices were HKD 6.5/HKD 5.28, closing at HKD 5.39 for the half day, down 42.3% from the listing price of HKD 9.34, with a half-day trading volume of 4.831 million shares, involving HKD 29.999 million

Today, four new stocks were listed on the Hong Kong stock market: IMPRESSION DHP, B&K CORP-B, BENQ HOLDING, and NANHUA FUTURES. As of the morning closing, they fell by 25%, 8.5%, 42.3%, and 20.7%, respectively