HK's Q Technology hits 7-week high on unit's Shenzhen listing progress

Q Technology (Group) Co

24/06/2021 03:36

** Shares of camera modules manufacturer Q Technology
(Group) Co Ltd  1478.HK  surge 8.3% to HK$15.90, their highest
since April 26, on course for a second straight session of gains
    ** Company says its unit, Kunshan QT China, has submitted a
listing application to the ChiNext of Shenzhen Stock Exchange
 urn:newsml:reuters.com:*:nFWN2O50O0
    ** Says the proposed listing is conditional upon approval
from CSRC and the Shenzhen Stock Exchange 
    ** Kunshan will offer not less than 320.8 mln shares, or 10%
of its share capital, in the IPO, but the final size, price
range and the timetable of the proposed listing have not yet
been fixed
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
climbs 0.6%, and the Hong Kong Hang Seng sub-index tracking
information technology firms  .HSCIIT  rises 0.7%
    ** The Hang Seng Composite Index  .HSCI  gains 0.4% and the
benchmark index  .HSI  climbs 0.5%
    ** As of last close, the stock had risen 11.7% this year

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))