Stock Track | CICC Stock Drops as Portfolio Company Honor Raises Funding

Stock Track10-31

Shares of CICC (China International Capital Corporation), a leading Chinese investment bank, plummeted 5.42% on Wednesday after one of its portfolio companies, smartphone maker Honor, announced it had received an investment from partners including China Telecom and a unit of CICC Capital Corp.

The announcement by Honor, a former Huawei unit, suggests that CICC may be diluting its stake in the smartphone company as it raises funds from other investors. While the investment amount was not disclosed, such a move could potentially impact CICC's valuation of its existing investment in Honor.

Investors may be concerned that the dilution of CICC's stake in Honor could weigh on the investment bank's future returns from the smartphone maker. However, details on the transaction and its impact on CICC's holdings remain unclear at this time.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1130717671?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-31 10:21","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1130717671","market":"hk","top_or_hot":-1,"title":"Stock Track | CICC Stock Drops as Portfolio Company Honor Raises Funding","media":"Stock Track","content":"<p>Shares of CICC (China International Capital Corporation), a leading Chinese investment bank, plummeted 5.42% on Wednesday after one of its portfolio companies, smartphone maker Honor, announced it had received an investment from partners including China Telecom and a unit of CICC Capital Corp.</p>\n\n<p>The announcement by Honor, a former Huawei unit, suggests that CICC may be diluting its stake in the smartphone company as it raises funds from other investors. While the investment amount was not disclosed, such a move could potentially impact CICC's valuation of its existing investment in Honor.</p>\n\n<p>Investors may be concerned that the dilution of CICC's stake in Honor could weigh on the investment bank's future returns from the smartphone maker. However, details on the transaction and its impact on CICC's holdings remain unclear at this time.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | CICC Stock Drops as Portfolio Company Honor Raises Funding</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | CICC Stock Drops as Portfolio Company Honor Raises Funding\n</h2>\n\n<h4 class=\"meta\">\n\n2024-10-31 10:21 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of CICC (China International Capital Corporation), a leading Chinese investment bank, plummeted 5.42% on Wednesday after one of its portfolio companies, smartphone maker Honor, announced it had...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"03908","symbol_name":"中金公司","start_time":0,"source_url":"","article_id":"1130717671","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1130717671","pubTimestamp":1730341288,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of CICC , a leading Chinese investment bank, plummeted 5.42% on Wednesday after one of its portfolio companies, smartphone maker Honor, announced it had received an investment from partners including China Telecom and a unit of CICC Capital Corp.The announcement by Honor, a former Huawei unit, suggests that CICC may be diluting its stake in the smartphone company as it raises funds from other investors. While the investment amount was not disclosed, such a move could potentially impact CI","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"03908":"中金公司"},"translate_title":"股票赛道中金公司股价下跌，因投资组合公司Honor筹集资金","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03908":1},"content_text":"Shares of CICC (China International Capital Corporation), a leading Chinese investment bank, plummeted 5.42% on Wednesday after one of its portfolio companies, smartphone maker Honor, announced it had received an investment from partners including China Telecom and a unit of CICC Capital Corp.\nThe announcement by Honor, a former Huawei unit, suggests that CICC may be diluting its stake in the smartphone company as it raises funds from other investors. While the investment amount was not disclosed, such a move could potentially impact CICC's valuation of its existing investment in Honor.\nInvestors may be concerned that the dilution of CICC's stake in Honor could weigh on the investment bank's future returns from the smartphone maker. However, details on the transaction and its impact on CICC's holdings remain unclear at this time.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1130717671"}