RAFFLES INTERIOR (01376) plummeted by more than 50% in the intraday period. As of press release, it was down 31.25% to HK$0.33, with a turnover of HK$11.9734 million, and a total market value of about HK$330 million.
The Zhitong Finance App learned that RAFFLES INTERIOR (01376) plummeted by more than 50% in the intraday period. As of press release, it was down 31.25% to HK$0.33, with a turnover of HK$11.9734 million, with a total market value of about HK$330 million.
According to the news, on October 18, RAFFLES INTERIOR issued an updated acquisition announcement stating that it will acquire 51% of the shares of the target company, Wuhan Second Factory Soft Drink Co., Ltd. The financial results of Wuhan No. 2 Soft Drink will be recorded comprehensively in the company's accounts. This also means that Wuhan No. 2 Soda entered the Hong Kong Stock Exchange through mergers and acquisitions.
According to reports, at the end of April this year, Wuhan No. 2 Soda was officially released, introducing three old soft drinks with orange, pineapple, and banana flavors. The unit price is 3.8 yuan. Currently, the prices of mainstream products from traditional domestic soft drink brands such as Bingfeng, Arctic Ocean, and Dayao are around 5 yuan to 8 yuan. On October 10, Wuhan No. 2 Soda also launched an ultra-low price of 1.99 yuan in orange juice cans. Within 24 hours of listing, it quickly became on the JD beverage hot list.