Sihai International (00120) exceeded 5% again, surging 118% over 16 trading days. As of press release, it rose 5.53% to HK$5.15, with a turnover of HK$1.93 million.
The Zhitong Finance app learned that Sihai International (00120) exceeded 5% again, surging 118% over 16 trading days. As of press release, it had risen 5.53% to HK$5.15, with a turnover of HK$1.93 million.
According to public information, since October, Sihai International Capital has been operating frequently. On October 4, Sihai International issued an announcement that it will distribute bonus shares on December 4 using the “2 get 1” benchmark. On October 5, Sihai International announced that it would exclude interest on October 26 and combine 10 shares into 1 share; on October 27, excluding interest, 1 share and 2 shares.
Analysts said that Sihai International first changed its total share capital from 6.392 billion shares to 639.2 million shares through a joint stock exchange, and then issued a large number of dividend shares and dividend convertible notes to expand the total number of shares. As far as investors are concerned, they can only continue to invest in cash to subscribe to issued shares to ensure that their shares are not diluted.