09879 MIGAO GROUP
- 7.550
- +0.590+8.48%
MIGAO GROUP News
MIGAO GROUP: DATE OF BOARD MEETING
Changes in Hong Kong stocks | Migao Group (09879) once fell nearly 9%, and net profit for the 2024 fiscal year is expected to fall by about 34% to 39% year on year
The Zhitong Finance App learned that Migao Group (09879) once fell nearly 9% in early trading. As of press release, it had a decrease of 3.99% to HK$6.25, with a turnover of HK$4.153,300. According to the news, Migao Group issued a profit warning. The Group's net profit for the year ended March 31, 2024 was approximately RMB 256 million to RMB 280 million, a year-on-year decrease of about 34% to 39%. According to the announcement, the Group's net profit for the eight months ended November 30, 2023 decreased by about 32% compared to the same period in FY2023, mainly due to uncertainty about global potassium chloride (KCL) supply in FY2023
Migao Group Expects Lower Net Profit Due to High Market Selling Price of Potash Fertiliser Products >9879.HK
Migao Group Expects Lower Net Profit Due to High Market Selling Price of Potash Fertiliser Products >9879.HK
Migao Group Forecasts Notable Profit Decline
Migao Group Sees FY24 Net CNY256M-Net CNY280M >9879.HK
Migao Group Sees FY24 Net CNY256M-Net CNY280M >9879.HK
MGM Group (09879.HK) Profit Alert: Net profit for the 2024 fiscal year is expected to decrease by 34% to 39% year-on-year
On May 31, GLONGHUI | Migao Group (09879.HK) announced that for the year ended March 31, 2024 (“FY2024”), the Group's net profit for the fiscal year 2024 is estimated to be between RMB 256 million and RMB 280 million, a year-on-year decrease of about 34% to 39% compared to FY2023. Although the Group's sales volume of potash products in FY2024 increased compared to FY2023, the Group's net profit for FY2024 is expected to decrease due to related reasons.
MIGAO GROUP: PROFIT WARNING
MGM Group issues 8.94 million shares based on partial exercise of over-allotment rights
MGM Group (09879) issued an announcement to issue and allocate 8.94 million common shares based on partial exercise of over-allotment rights on April 22, 2024.
MGM Group (09879) issued 8.94 million shares based on partial exercise of over-allotment rights
MGM Group (09879) issued an announcement on April 22, 2024 based on partial exercise of over-allotment rights...
MGM Group (09879.HK) partially exercises over-allotment rights, price stabilization actions, and end of the price stabilization period
Gelonghui, April 17, 丨 Migao Group (09879.HK) announced that on April 17, 2024, the over-allotment rights stated in the prospectus were partially exercised by GF Securities (Hong Kong) Brokerage Limited (for itself and on behalf of the international underwriter), involving a total of 8,940,000 shares, which is equivalent to approximately 3.97% of the total number of shares initially available for subscription and sale under the global offering before the over-allotment rights were exercised. Over-allotment of shares will be charged by the company at HK$4.08 per share (excluding 1% brokerage commission, 0.0027% SFC transaction levy, 0.00565% SEHK transaction fee and 0.
[Monthly IPO Report] The Hong Kong stock IPO market is the starting force, Fujing China Holdings overbought more than 293 times, and Hongji Group made a maximum profit of 4,800 yuan in the first sale
After February's silence, the Hong Kong stock IPO market exploded in March. Seven companies went public one after another, and only 1 went bankrupt. Source: Jinwu Financial News March Fund-raising King - Although the number of listed companies has clearly picked up, it still lacks the boost of large companies. Judging from the scale of fund-raising, the 7 new shares introduced in March were small in overall size, and the Miko Group, which raised the highest amount of capital, was only HK$918 million. According to reports, the company is the third-largest potash enterprise in China and has market advantages. However, industry growth is expected to be in the low single digits. The market for the company's main product, potassium chloride, is also relatively concentrated, and development needs to face challenges. Sino-Thai International said earlier that the government
Hong Kong Shares Rise on US Central Bank's Dovish Signals; Pop Mart Surges 16% on Upbeat 2023 Earnings
Hong Kong shares finished higher on Thursday as sentiment was boosted by news that the US Federal Reserve could make three cuts to interest rates this year after deciding to hold rates steady at its m
Migao Group Shares Open 9.6% Higher on Hong Kong Debut
Migao Group Shares Open 9.6% Higher on Hong Kong Debut
First day of the IPO | MGM Group (09879) first listed and opened 7.35% higher in early trading
MGM Group (09879) was listed for the first time. According to the announcement, the company sold 225 million shares globally, with a final sale price of HK$4.08 per share. The net global sale raised approximately HK$863 million, or 1,000 shares per lot. As of press release, it rose 7.35% to HK$4.38, with a turnover of HK$257.47,800.
[IPO] Migao Group (09879) priced at HK$4.08, with a first-hand winning rate of 30.02%
Jinwu Financial News | Mikao Group (09879) announced that the final sale price was HK$408 per share, raising HK$918 million and net HK$862.7 million. Each lot is 1,000 shares, and the winning rate for the first lot is 30.02%. If you apply for 6 lots, you can get 1 lot steadily. The public sale section received 7,793 valid applications, with 9.79 times the subscription amount and 1.28 times the subscription amount for the international placement portion.
MGM Group's public offering of HK$4.08 per share was subscribed 9.79 times
MGM Group (09879) announced the allotment results. The company sold 225 million shares globally, with the Hong Kong public offering accounting for 9.09% and the international offering accounting for 90.91%. The final sale price was HK$4.08 per share, with a net raise of approximately HK$863 million from the global sale. Each lot is 1,000 shares, and it is expected that trading of shares will begin at 9:00 a.m. on March 21, 2024 (Thursday) on the Stock Exchange. Among them, the public sale received 9.79 times the subscription, and the international sale received 1.28 times the subscription.
Migao Group Sets IPO Price at HK$4.08/Share
Migao Group Sets IPO Price at HK$4.08/Share
IPO Announcement | MGM Group (09879)'s public offering with a price of HK$4.08 per share was subscribed 9.79 times
According to the Zhitong Finance App, Migao Group (09879) announced the allotment results. The company sold 225 million shares globally, the Hong Kong public sale accounted for 9.09%, and the international sale accounted for 90.91%. The final sale price was HK$4.08 per share, with a net raise of approximately HK$863 million from the global sale. Each lot is 1,000 shares, and it is expected that trading of shares will begin at 9:00 a.m. on March 21, 2024 (Thursday) on the Stock Exchange. Among them, the public sale received 9.79 times the subscription, and the international sale received 1.28 times the subscription.
The final sale price of MGM Group (09879.HK) is HK$4.080
On March 20, Gelonghui Group (09879.HK) announced that the company's final sale price was HK$4.080. Assuming that the global sale becomes unconditional at or before 8:00 a.m. on March 21, 2024, it is expected that the shares will start trading on the Stock Exchange at 9:00 a.m. on March 21, 2024. The trading unit for each lot of shares is 1,000 shares. The stock code for the shares is 9879.
IPO dark market | MGM Group (09879) initially rose more than 7% in undermarket trading and earned HK$290 per lot
The Zhitong Finance App learned that MGM Group (09879) will be listed in Hong Kong on March 21 (Wednesday). As of press release, dark market trading showed a price of HK$4.37, up 7.11% from the offer price of HK$4.08. Each lot earns HK$290 without handling fees for 1,000 shares.
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