{Economic Information Daily, 13th exclusive} MANYCORE TECH (00068) H-shares are currently down 10.2%, trading at HK$5.66, hitting a new post-listing low of HK$5.63 earlier. Based on the current price, the stock has declined for six consecutive days, with a cumulative drop of 21.2%. The stock's trading volume is approximately 5.17 million shares, amounting to HK$302.5 million.
MANYCORE TECH's cornerstone investor share lock-up period expires this Saturday (17th), releasing shares worth about HK$376 million, representing approximately 3.49% of the issued shares.
MANYCORE TECH is a mainland cloud-native spatial design software provider, known as one of the 'Six Little Dragons of Hangzhou'. It officially listed on the Hong Kong Stock Exchange on April 17th, closing 1.44 times higher on its debut day. During its IPO, it was oversubscribed more than 1,589 times, requiring 1,800 lots to guarantee an allocation.
Currently, the Hang Seng Index stands at 24,288, up 17 points or less than 0.1%, with main board turnover nearing HK$158.3 billion. The Hang Seng China Enterprises Index is at 8,156, down 11 points or 0.1%. The Hang Seng Tech Index is at 4,126, down 43 points or 1%. (am)
MANYCORE TECH's cornerstone investor share lock-up period expires this Saturday (17th), releasing shares worth about HK$376 million, representing approximately 3.49% of the issued shares.
MANYCORE TECH is a mainland cloud-native spatial design software provider, known as one of the 'Six Little Dragons of Hangzhou'. It officially listed on the Hong Kong Stock Exchange on April 17th, closing 1.44 times higher on its debut day. During its IPO, it was oversubscribed more than 1,589 times, requiring 1,800 lots to guarantee an allocation.
Currently, the Hang Seng Index stands at 24,288, up 17 points or less than 0.1%, with main board turnover nearing HK$158.3 billion. The Hang Seng China Enterprises Index is at 8,156, down 11 points or 0.1%. The Hang Seng Tech Index is at 4,126, down 43 points or 1%. (am)
