On June 23, Wasion Holdings rose 5.05% in regular trading, trading at HKD 22.9/share with turnover of approximately HKD 96.9 million, extending gains from the previous session.
On the news front, the company announced on June 16 the launch of a share buyback plan with a total consideration not exceeding HKD 200 million from the open market. Meanwhile, its subsidiary Weiyuan Energy has secured new overseas contracts totaling over RMB 1.6 billion year-to-date, primarily covering data center critical infrastructure, related solutions, and overseas distribution products including reclosers.
The stock had previously been under pressure following a late-April placement of 50 million shares at approximately 6% discount, raising around HKD 1.474 billion. After sufficient digestion of the placement-related selling pressure, the dual catalysts of the buyback program and substantial overseas orders have continued to drive buying interest. The current share price remains at a slight discount to the chairman's recent accumulation price of HKD 23.2.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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