Changes in Hong Kong stocks | Xineng Low Carbon (00145) volume fell sharply by 62%, taking back most of the month's gains and issuing shares on a “2 for 1” basis

The Zhitong Finance App learned that Xineng Low Carbon (00145) fell sharply by 62% in early trading, and the cumulative increase during the month narrowed from 260% to less than 40%. As of press release, it fell 62.2% to HK$0.223, with a turnover of HK$42,734,500, and a total market value of less than HK$83 million.

According to the news, Xinneng Low Carbon issued an announcement. On December 19, the stock offering will allocate and issue approximately 122 million shares according to the benchmark of issuing 1 share for every 2 shares held on the record date. It is worth noting that in October this year, the company announced that it would offer a discount of about 18.62% to issue shares according to the “2 for 1” basis, with a maximum net raise of about HK$17 million. At the beginning of December, the company announced that the stock offering was effectively accepted by about 20.98%.