AM GROUP (01849): Possible delay in publishing the full-year performance for 2024.
Xiu Shang Era Holdings (01849) announced that the company's full-year performance for the year ending June 30, 2024...
AM GROUP (01849) announced that the annual results for the year ended June 30, 2024 (2024 annual results) may be delayed for publication. This is due to the company still collecting and organizing necessary information and documents requested by the company's auditors from its subsidiaries to complete the audit process, thus requiring additional time to prepare the 2024 annual results. The company is currently working closely with its subsidiaries and auditors to provide all necessary information and documents to expedite the audit process. However, the expected publication date for the 2024 annual results will need to be discussed and determined further with the auditors, and will be announced at an appropriate time. Due to the above circumstances, it is anticipated that the company will not be able to publish the 2024 annual results by September 30, 2024, as required by listing rules.
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HK Stock Market Move | Shanghai Fudan (01385) surged by more than 5% in early trading. Guosheng Capital intends to invest approximately 5.144 billion yuan in acquiring 12.99% of the company's shares.

HK Stock Market Move | Chip stocks lead the gains. Semiconductor Manufacturing International Corporation has increased prices for some of its production capacity. Institutions are optimistic about AI and autonomous controllable driving.

HK Stock Market Move | GLOBAL NEW MAT (06616) rose by more than 3% recently and is planning to issue a convertible bond of 1 billion Hong Kong dollars. The synergistic effects of integrating SUSONITY are starting to show.

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