French gaming company Ubisoft: Tencent Holdings completed a €1.16 billion investment in Vantage Studios. Tencent holds a 26.32% economic interest in it

Tencent Takes Minority Stake in Ubisoft's Vantage Studios

Tencent has acquired a minority stake in Ubisoft's Vantage Studios, with customary minority protection rights. The agreement includes a five-year lock-up on Tencent’s securities unless Ubisoft loses majority control. Ubisoft retains majority control for at least two years. The deal includes share transfer provisions and aims to enhance collaboration between the companies, supporting Ubisoft’s franchise growth.

Innovent, first Chinese biotech firm to market weight-loss drug, joins Hang Seng Index

Innovent Biologics will join the Hang Seng Index next month, increasing the number of constituents to 89. The biotech firm recently signed an $11.4 billion deal with Takeda Pharmaceuticals. Innovent, China Hongqiao Group, and Yum China Holdings will also join the Hang Seng China Enterprises Index. The Hang Seng Index has risen nearly 30% this year. Innovent's stock has climbed 138.4% this year. ASMPT will be removed from the Hang Seng Tech Index, while ENN Energy Holdings, Haidilao International, and New Oriental Education & Technology Group will be deleted from the Hang Seng China Enterprises Index.

Net outflow of HKD 5.143 billion from the Hong Kong Stock Connect Yingfu Fund

The Hong Kong Stock Connect saw a net outflow of HKD 5.143 billion from the Tracker Fund, while the northbound capital inflow into Tencent, Xiaomi Corporation, and Alibaba reached HKD 1.736 billion, HKD 1.268 billion, and HKD 1.158 billion, respectively. The highest net capital inflow among active stocks in the Hong Kong Stock Connect (Shanghai) and Hong Kong Stock Connect (Shenzhen) was Tencent, while the stock with the highest net outflow was the Tracker Fund. The total net outflow for the day was HKD 0, with a total transaction volume of HKD 118.147 billion, accounting for 41.35% of the total market transaction volume

China Feihe Files HKEX Disclosure on 12.3 Million Share Buyback for HKD 51.4 Million

China Feihe Ltd. announced a share buyback of 12.3 million shares for HKD 51.4 million, with an average price of HKD 4.1792 per share, as disclosed in a filing with the Hong Kong Stock Exchange.