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Chongqing Sokon Industry Group Stock is going public in Hong Kong: In 2024, 0.3871 million vehicles will be delivered, and the Net income will be 5.9 billion yuan, marking the first time it has turned a profit.
Sina Technology reported on the evening of April 28 that Chongqing Sokon Industry Group Stock submitted its IPO prospectus to the Hong Kong Stock Exchange today. The prospectus shows that the total delivery volume of the Wenjie brand reached 0.3871 million vehicles in 2024, with a year-on-year growth of 268%. In 2024, Chongqing Sokon Industry Group Stock recorded a Net income of 5.9 billion yuan, achieving profitability for the first time. The prospectus introduced that Chongqing Sokon Industry Group Stock is a technology-based enterprise with new energy as its core Business, mainly involved in the research and development, manufacturing, sales, and services of new energy vehicles and core electric drive products. In 1986, the company began its first entrepreneurial venture with a focus on springs and shock absorbers and expanded into the motorcycle business.
Goldman Sachs: The acquisition of headquarters property by HKEX can strengthen brand image, with a Target Price of 378 HKD.
Goldman Sachs released a Research Report stating that HKEX (00388) announced the purchase of the Central Trading Plaza property to serve as its permanent headquarters. It is believed that the acquisition of headquarters property by HKEX will help strengthen its role as an important component of the Hong Kong financial market infrastructure, as well as its brand image as a crucial link between Eastern and Western exchanges, with a Target Price of 378 HKD and a rating of 'Buy.'
HKEX Acquires Hong Kong Property for HQ Premises
Hong Kong stock announcement for treasure hunting | Aluminum Corporation Of China reported a net profit attributable to shareholders of approximately 3.538 billion yuan in the first quarter, a year-on-year increase of 58.78%.
SANDS CHINA LTD (01928) reported a total net income for the first quarter that decreased by 5.7% year-on-year to 1.7 billion dollars; SINO BIOPHARM (01177): 45 research achievements will be announced at the 2025 ASCO annual meeting.
Hong Kong Bourse Operator to Shift Headquarters in US$812m Deal
HKEX (00388.HK) plans to acquire core properties of Trade Square for 6.3 billion Hong Kong dollars to create a permanent headquarters that reflects long-term confidence.
On April 24, 2023, HKEX (00388.HK) announced that on April 24, 2025: (a) Aurora, a wholly-owned subsidiary of HKEX, has signed a sales agreement, in which Aurora agrees to purchase the property from the seller (a subsidiary of Hongkong Land) for a total price of 6.3 billion HKD; and (b) Aurora, HKL, and the project manager have signed a project management agreement, in which Aurora and HKL appoint the project manager to provide project management services for the optimization project of the platform property, parts of the trading square, and its surrounding areas.
