HONG KONG ECONOMY TODAY, June 30 - Benmo Technology (06731) is currently down 16.1%, trading at HK$19.47. The stock has traded approximately 1.69 million shares, involving HK$35.31 million, with a daily high of HK$23.5 and a low of HK$18.2, representing a decline of 21.6%. The current price remains about 10% below its listing price of HK$21.6. The stock lot size is 100 shares; excluding transaction fees, each lot incurs a paper loss of HK$213.
Benmo Technology made its debut yesterday, closing at HK$23.2, 7.4% higher than its offering price of HK$21.6.
Additionally, Benmo Technology announced after market close yesterday that it has signed a strategic cooperation agreement with China Rare Earth Group Innovation Technology, a wholly-owned subsidiary of China Rare Earth Group.
The company stated that both parties will establish a technical exchange mechanism and jointly conduct research and development of high-performance magnetic materials such as neodymium iron boron, focusing rings, and radiation magnetic rings, aiming to develop high-performance magnetic material products suitable for direct-drive motors. Both sides will focus on joint efforts to optimize magnetic material performance, motor miniaturization, and high torque output, promoting the application of direct-drive modules in markets such as embodied robots, smart home devices, industrial automation, and high-end medical equipment.
Currently, the Hang Seng Index stands at 24,429, down 94 points or 0.4%, with turnover on the main board nearing HK$39.8 billion. The Hang Seng China Enterprises Index stands at 8,152, down 25 points or 0.3%. The Hang Seng Tech Index stands at 4,229, down 20 points or 0.5%. (vs)
Benmo Technology made its debut yesterday, closing at HK$23.2, 7.4% higher than its offering price of HK$21.6.
Additionally, Benmo Technology announced after market close yesterday that it has signed a strategic cooperation agreement with China Rare Earth Group Innovation Technology, a wholly-owned subsidiary of China Rare Earth Group.
The company stated that both parties will establish a technical exchange mechanism and jointly conduct research and development of high-performance magnetic materials such as neodymium iron boron, focusing rings, and radiation magnetic rings, aiming to develop high-performance magnetic material products suitable for direct-drive motors. Both sides will focus on joint efforts to optimize magnetic material performance, motor miniaturization, and high torque output, promoting the application of direct-drive modules in markets such as embodied robots, smart home devices, industrial automation, and high-end medical equipment.
Currently, the Hang Seng Index stands at 24,429, down 94 points or 0.4%, with turnover on the main board nearing HK$39.8 billion. The Hang Seng China Enterprises Index stands at 8,152, down 25 points or 0.3%. The Hang Seng Tech Index stands at 4,229, down 20 points or 0.5%. (vs)
