XtalPi rises after co targets HK$250 million revenue to meet Hong Kong listing threshold

XtalPi Holdings

17/02/2025 03:01

** Shares of XtalPi Holdings  2228.HK , a provider of drug
and material science research and development solutions, jump as
much as 9.7% to HK$7.25, their highest levels since November 8  
    ** Stock on track for the biggest one-day pct gain since
February 10, if gains hold
        ** XtalPi, which went public on June 13, expects its
2024 revenue to reach HK$250 million ($32.13 million), meeting
the revenue threshold requirement for specialist technology
companies under Hong Kong's listing rules
    ** According to the listing rules, specialist technology
companies must prove that it meets the definition of such a
company and generate at least HK$250 million from their
specialist technology business segments in the most recent
audited financial year, among other criteria
     ** Hang Seng Commerce & Industry Index  .HSNC  rises 2.1%,
healthcare index  .HSCIH  climbs 2.4% and Hang Seng Index  .HSI 
advances 1.3%


    ($1 = 7.7810 Hong Kong dollars)

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