Movement Alert|PHARMARON Intraday Rise 3.88% in Regular Trading, Institutional Position Increases and Fund Investment Updates Support Sentiment

Market Focus11-10

On November 10, PHARMARON recorded an Intraday Rise of 3.88% in Regular Trading, trading at HK$30.3 with turnover of HK$8.30 million.

The move coincided with recent disclosures showing increased institutional positions and the company’s overseas fund investment progress. JPMorgan disclosed an off-exchange cash purchase of 771,700 shares on November 3 at an average price of about HK$26.01 per share, lifting its long position ratio to 17.19%. Separately, Morgan Stanley disclosed on November 4 that it increased shares subject to rehypothecation or disposal rights by 3.3245 million shares, raising its long position ratio to 6.05%; this was described as a non-open-market share interest arrangement rather than a direct secondary-market stock purchase.

Separately, the company said its wholly owned unit Pharmaron UK Limited signed subscription documents on November 6 to commit US$10 million to HJ Double Helix Fund L.P., aimed at leveraging specialist biotech investment and research capabilities to enhance its industry investment footprint.

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