Sihai International (00120) fell by more than 7% and has taken back all of its previous gains. As of press release, it fell 7.09% to HK$2.36, with a turnover of HK$4.44 million.
The Zhitong Finance app learned that Sihai International (00120) fell by more than 7% and had taken back all of its previous gains. As of press release, it had dropped 7.09% to HK$2.36, with a turnover of HK$4.44 million.
According to the news, Sihai International recently announced that on December 7, 2023, the company will issue a total of 345 million shares due to the conversion of convertible bonds/notes.
Furthermore, public information shows that since October, there have been frequent capital operations at Sihai International. 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 the fundamentals of Sihai International are weak, and since the second half of 2000, there have been no dividend measures. While the main business is not developing well, the company has no shortage of capital operations. Although the stock price will rise in stages after the joint stock offering, the rollercoaster ups and downs are very cruel to investors. As a result, now that Sihai International is once again hyped up, it may not be long before it “flies.”