Insigma Technology's Joint Stock Company Completes Hong Kong Listing

MT Newswires Live2024-11-29

Insigma Technology (SHA:600797) said its joint-stock company completed listing on the Hong Kong Stock Exchange, according to a Shanghai Stock Exchange disclosure on Friday.

Hangzhou Jiuyuan Gene Engineering (HKG:2566) was listed on Nov. 28, offering 45.4 million shares for HK$12.42 apiece.

After the completion of the listing, the Chinese information technology services provider, through subsidiary Netnew Ventures, holds 24.5 million shares or 9.99% of Jiuyuan Gene Engineering. Netnew Ventures' lock-up period for Jiuyuan Gene shares is 12 months after the listing.

Insigma Technology's shares rose more than 2%, while Jiuyuan Gene Engineering's shares rose more than 4% in recent trade.

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