On October 26, HUA HONG GRACE fell 3.19% in Regular Trading, trading at HK$64.9, with turnover of HK$62.68 million.
The latest market-moving development indicates that investors were still digesting short-term integration pressure following the consolidation of Huali Micro, alongside the impact of revised continuing connected transaction caps. The company had previously secured shareholder approval for a new stock option scheme and the grant of up to 52.14 million options.
Additional disclosed details showed the company proposed raising its annual sales cap to connected parties for from US$90 million to US$120 million after the Huali Micro acquisition, while also setting a new equipment leasing cap of RMB27 million. Separately, Goldman Sachs had cut its target price and lowered profit forecasts for the next two years, citing higher depreciation and initial integration costs that could weigh on near-term profitability, even as longer-term scale benefits from expanding 12-inch capacity remain part of the broader investment case.
(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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