NewTimeSpace News: Grey market trading for Alebund Pharmaceuticals-B (09637.HK) kicks off today. As of press time, the grey market price stands at HK$41.30, representing an increase of HK$18.70 or 82.74% compared to the offer price of HK$22.60.
NewTimeSpace News: Grey market trading for Baige Online Digital Technology Co., Ltd. (02672.HK) commences today. As of press time, the grey market price quotes HK$65, representing an increase of HK$49.40 or 316.67% versus the offer price of HK$15.60.
NewTimeSpace News: Grey market trading for Crealights (01191.HK) commences today. As of press time, the grey market price stands at HK$225.60, representing a gain of HK$111.60 or 97.89% compared to the offer price of HK$114.
NewTimeSpace News: The public offering subscription period of Anker Innovations Technology Co., Ltd. (00668.HK) closed today (26 June). As at 9:04 a.m., margin financing withdrawal totalled around HK$88.6 million, leaving residual margin financing of approximately HK$791 million, with aggregate margin subscription funds reaching HK$8.668 billion. Based on gross fundraising of roughly HK$463 million for the Hong Kong Public Offering, the tranche was oversubscribed by around 17.71 times. The top end of the indicative offer price range is HK$99.32 per share, with each board lot comprising 100 shares, translating to a minimum entry cost of approximately HK$10,032. Listing is scheduled for 2 July.
NewTimeSpace News: Beijing Tong Ren Tang Healthcare Investment Co., Ltd. (02667.HK) launched its public global offering on 26 June, with each board lot comprising 500 H Shares and a minimum entry cost of around HK$3,136.31. The Company plans to offer approximately 108 million H Shares under the Global Offering at an indicative offer price range of HK$5.48 to HK$6.21 per share, with listing scheduled for 7 July. Three cornerstone investors – Airport Port Technology Capital, Aurora SF and CICCFT – have committed aggregate subscriptions of about HK$296.1 million, accounting for roughly 46.79% of the total Offer Shares (assuming the Over-allotment Option is not exercised).
NewTimeSpace News: CSW Inc. filed its Main Board listing application with HKEX on 25 June, with CMB International Capital Limited acting as the sole sponsor. The Group is a top-tier manufacturer and exporter of decorative gardening products, specialising in decorative plastic planters and supplying major North American mass merchandise & home improvement retailers including Lowe’s, Walmart, Sam’s Club and Costco. According to CIC Consulting, ranked by revenue in 2024 and 2025, the Company is the world’s largest manufacturer of decorative plastic planters with a 4.6% market share, and also the largest exporter among Chinese planter manufacturers.
NewTimeSpace News: WinHealth International Holding Group Company Limited re-filed its Main Board listing application with HKEX on 25 June, with Huatai International acting as the sole sponsor. The Group is an integrated Chinese pharmaceutical enterprise focusing on renal disease treatments, boasting a diversified differentiated product portfolio covering 27 commercialized medicines plus one newly approved drug. Its therapeutic coverage centers on nephrology, extending to hematology, respiratory and dermatological disorders.
NewTimeSpace News: NeuroGen Pharma Limited submitted its Main Board listing application to the Hong Kong Stock Exchange on 25 June, with JPMorgan, CICC and HSBC acting as joint sponsors. The Company is a clinical-value-driven specialty pharmaceutical platform focusing on neurology, pain management and allergy therapeutics in China. Following its acquisition of UCB’s relevant China business and assets, it has built an integrated platform anchored by well-established originator brands including Keppra®, Vimpat®, Zyrtec® and recently approved Xyzal®.
NewTimeSpace News: Baige Online (Xiamen) Digital Technology Co., Ltd. (02672.HK) announced its final offer price of HK$15.60 per H Share (excluding applicable transaction charges). The Company expects trading of its H Shares to start at 9:00 a.m. on 29 June 2026 on the Main Board of HKEX, with each trading board lot comprising 200 Shares.
NewTimeSpace News: Hangzhou Lygo Technology Co., Ltd. submitted a Main Board listing application to HKEX on 25 June, jointly sponsored by CICC and SPDB International Capital. Per CIC Consulting data measured by 2025 revenue, the Company ranks as China’s largest flexible employment platform. It served around 440,000 flexible workers in 2025, maintaining a 100% key customer retention rate and 180.5% key customer dollar retention rate.
NewTimeSpace News: Six new stocks entered grey market trading today. KEYTOP (02272.HK) topped the list with a gain of 156.13% at HK$101.30;CFMEE (09630.HK) rose 61.99% to HK$409.40; Zhongke Wenge (01956.HK) climbed 56.51% to HK$95; SG Micro (03661.HK) advanced 33.80% to HK$114; Lingyi iTech (01688.HK) edged up 10.02% to HK$11.20. MERDEKA GOLD-DRS (06228.HK) plunged 42.86% to HK$15.20. All six issuers are scheduled for official listing on 26 June.
NewTimeSpace News: Anhui Huaheng Biotech Co., Ltd. (688639.SH) issued an announcement stating that Ms. Guo Henghua, the Company’s actual controller, Chairman and General Manager, has been detained on suspicion of the crime of illegal absorption of public deposits and has resigned from all positions in the Company. The Company held an emergency board meeting on 24 June and appointed Mr. Fan Yi as the new Chairman and General Manager. On the same day, the board approved the termination of the H-share offering and Hong Kong listing. The Company stated the investigation is unrelated to its daily operations, and production and business activities remain normal.
NewTimeSpace News: Jiangxi Qiyunshan Food Co., Ltd. passed the Main Board listing hearing of the Hong Kong Stock Exchange on 24 June, with ZTSC International Capital acting as the sole sponsor. According to CIC Consulting data measured by retail sales in 2025, the Company captured a 29.0% market share and secured the top position in China’s Choerospondias Axillaris food segment. In 2025, it ranked ninth in China’s fruit-based snack industry with a market share of 0.56%.
NewTimeSpace News: EACON Group Co., Ltd. passed the Main Board listing hearing of the Hong Kong Stock Exchange on 24 June, with Haitong International acting as the sole sponsor. The Company is the leading provider of autonomous driving solutions for China’s mining sites, capturing a 37.6% market share in 2025. It has deployed a total of 2,580 autonomous mining haul trucks, covering 19 large-scale open-pit coal mines. The Company maintained a 100% customer retention rate from 2023 to 2025, with its client base expanding from 13 to 52 groups. China’s market for mining autonomous driving solutions reached RMB3.8 billion in 2025, and the global market size is projected to hit USD7.3 billion by 2030.
NewTimeSpace News: ROKAE (Shandong) Robotics Group Inc. passed the Main Board listing hearing of the Hong Kong Stock Exchange on 24 June, striving to be Hong Kong’s first listed stock focused on industrial embodied AI. CICC and Guotai Junan International act as joint sponsors. According to CIC Consulting data measured by 2025 revenue, the Company is one of China’s earliest local manufacturers capable of mass-producing both industrial robots and collaborative robots. It ranked 6th in China’s domestic industrial robot market and 6th in China’s collaborative robot market by 2025 revenue, and is among the top five suppliers of embodied AI robotic arms in China.
NewTimeSpace News: Xiamen Reconova Technologies Co., Ltd. passed the Main Board listing hearing of the Hong Kong Stock Exchange on 24 June, making it poised to debut as Hong Kong’s first listed stock focused on vision-based embodied AI. Huatai International, CCB International and ABC International act as joint sponsors. According to Frost & Sullivan data measured by 2025 revenue, the Company ranks No.1 in China’s market of visual intelligent products for civil aviation enterprises, capturing an 8.7% market share.
