Changes in Hong Kong stocks | Liqin Resources (02245) rose more than 6% in the afternoon, A-share IPOs are the hottest companies in the global nickel industry chain

The Zhitong Finance App learned that Liqin Resources (02245) rose more than 6% in the afternoon. As of press release, it rose 6.42% to HK$18.23, with a turnover of HK$449.764 million.

According to the news, on September 18, Liqin Resources A-share IPO completed the online subscription. On the evening of September 20, the company announced the online subscription status and winning rate. The data showed that the number of valid subscribers in this online offering was about 17.146 million, and the number of valid subscribed shares was about 326.423 billion shares. The initial effective subscription ratio was as high as 6293.47 times, triggering a callback mechanism. After the refund, the final number of shares issued online increased to 121 million shares, the winning rate was about 0.037%, and the final valid subscription ratio was 269.720 times.

According to public information, Liqin Resources is a leading enterprise in the global nickel industry chain. All of the capital raised in this A-share offering will be invested in the main business, with a total planned investment of 4,047 billion yuan to invest in the wet slag recycling demonstration project and MHP refining production project in the Obi Island Industrial Park in Indonesia. Construction of the two projects is expected to be completed in the first quarter of 2028. Liqin Resources stated in the prospectus that after the implementation of the fund-raising project, it will strengthen the company's leading position in the global nickel industry and further expand its business in the entire nickel industry chain.