Each share is 131.5 Hong Kong dollars. Chongqing Sokon Industry Group Stock (09927) "A+H" linkage expected to further open up development space.
Tesla (09927) held a hearing at the Hong Kong Stock Exchange on October 13, and will conduct its IPO from October 27 to 31. It plans to globally offer 100.2 million H shares, with 10.02 million H shares in Hong Kong for public sale, and around 90.18 million H shares for international sale. The price per H share was set at 131.50 Hong Kong dollars on October 31, and it is expected to begin trading on November 5. After listing, it will become the first luxury new energy vehicle company to be dual-listed in mainland China and Hong Kong (the "A+H" structure).
It was learned that Chongqing Sokon Industry Group Stock (09927) passed the hearing of the Hong Kong Stock Exchange on October 13th, and will start its public offering from October 27th to October 31st. The final price for this H share offering has been set at HK$131.50 per share, and the right to adjust the quantity of shares to be issued has been partially exercised. It is expected to issue and allocate an additional 8.419 million shares. After listing on November 5th, it will become the first luxury new energy car enterprise with dual listings in both the "A" and "H" markets.
This year, Hong Kong IPOs have been hot, with leading A-share companies flocking to Hong Kong for listing to seek global capitalization and more reasonable pricing. After the new regulations of the Hong Kong Stock Exchange were issued in the second half of the year, new stock investments entered a frenzy period. Data shows that since the second half of the year, there have been 12 new stocks with subscription ratios exceeding 2000 times in Hong Kong, and the new stocks have high profit-making effects. For example, on the first day of listing, DEEPEXI TECH (01384) surged over 150%, and BAMA TEA (06980) surged over 86%.
The listing of Chongqing Sokon Industry Group Stock has injected new leading investment opportunities into the Hong Kong stock market. As a global leader in luxury new energy car brands, the company is expected to rank third in market share in 2024. The WJ M7 and M9 models both rank among the top five luxury new energy vehicles, with the WJ M9 sales ranking first in the Chinese market for models in the 500,000 yuan price range. In April 2025, the WJ M8 was launched and continued to be the top model in the 400,000 yuan price range.
Since the launch of the WJ brand in 2021, sales have continued to soar. In the first half of 2022-2025, sales of the WJ brand were 77,900 units, 102,600 units, 388,700 units, and 152,000 units, accounting for 29.15%, 40.67%, 78.21%, and 76.53% of total sales, respectively. The WJ brand has become the main source of revenue for the company, contributing 90.3% of revenue in the first half of 2025.
So why does Chongqing Sokon Industry Group Stock have good performance?
This is thanks to the company's strong and industry-leading technological strength, including the industry-leading Chongqing Sokon Industry Group Stock Rubik's Cube technology platform, the new generation Chongqing Sokon Industry Group Stock super range-extender system, the innovative scene-defined intelligent safety system, and the high-level intelligent manufacturing capability of Chongqing Sokon Industry Group Stock super factory, as well as deep cooperation with Huawei to achieve industry-leading advantages.
In addition to its strong technological strength, Chongqing Sokon Industry Group Stock also has vertically integrated intelligent manufacturing and delivery services, as well as considerate after-sales service experience, which have laid a solid foundation for user reputation. The company has thre
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