HK Stock Market Move | BWI INT'L(02339) rises by over 20% again, with a total increase of 1.4 times in the month. The company's net fundraising exceeds HK$700 million to strengthen strategic transformation.

BWI INT'L (02339) recent stock price has continued to rise, with a cumulative increase of over 140% within the month. As of the time of writing, it has increased by 13.94% to 1.88 Hong Kong dollars, with a trading volume of 2227.07 million Hong Kong dollars. On the news front, BWI INT'L previously announced that it plans to issue over 34% of shares to controlling shareholders and 4 other subscribers for 430 million shares, and issue 409 million convertible bonds to controlling shareholders. The net proceeds amounted to 710.4 million Hong Kong dollars. 40% of this will be used for building new production lines and upgrading existing ones in the group's Poland production plant, 30% for operational funding of the Poland production plant, 25% for operational funding of technical centers in Poland, Italy, and France, and 5% for operational funding of the company's Hong Kong headquarters. The announcement states that the company's financing is due to the steady growth of the automotive market and the complexity of transitioning to pure electric vehicles, which has led to diverse demands for components for internal combustion engines, hybrid powertrains, and electric vehicles. Operational costs and research and development investments have increased sharply, putting pressure on operational funding and talent requirements. This investment aims to strengthen BWI INT'L's competitiveness in the high-end passenger car component market and accelerate its global expansion.