Huagong Tech (000988.SZ) subsidiary, Huagong Zhengyuan, plans to participate in the auction of Wuhan city's relevant land use rights, with a maximum investment of 110 million yuan.

18:13 07/09/2023

Huagong Tech (000988.SZ) announced that its wholly-owned subsidiary, Wuhan Huagong Zhengyuan Photonic Technology Co., Ltd. (referred to as "Huagong Zhengyuan"), plans to use its own funds of up to 110 million yuan (including land transaction taxes and fees, with the specific amount subject to the actual contract signed) to participate in the auction of the state-owned construction land use right by Wuhan Natural Resources and Planning Bureau Donghu New Technology Development Zone Branch through listing (Plot No.: gong DK(2023-04)06, with a land area of 73,430.35 square meters).

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HK Stock Market Move | Apple concept stocks lead the decline, with Q TECH (01478) falling nearly 5% and COWELL (01415) falling nearly 4%.

Low interest rates have persisted for a long time! Japanese regional bank giants are preparing to "strike back" in the bond market after interest rates reach their peak.

HK Stock Market Move | Steel stocks led the decline, with demand in the peak season falling short of expectations. The supply side may see market-driven production cuts.