HK Stock Market Move | Goldwind Science & Technology (02208) A-shares closed at the daily limit up, while H-shares rose by more than 3%. Goldwind's subsidiary holds a 4.1412% stake in Blue Arrow Aerospace.

Goldwind Science & Technology (02208) A-shares surged rapidly at the close and hit the daily limit up, while H-shares reversed losses to rise over 3%. As of the time of writing, H-shares rose by 1.91% to HK$16, with a turnover of HK$1.794 billion. On the news front, Blue Arrow Aerospace's application for an IPO on the Science and Technology Innovation Board has been accepted, with the potential to become the "first commercial aerospace stock" on the board. Blue Arrow Aerospace plans to raise 7.5 billion yuan in this IPO, for reusable rocket production capacity enhancement projects and technology improvement projects. The prospectus shows that Goldwind Science & Technology holds a 4.1412% stake in Blue Arrow Aerospace through its subsidiary Jianghan Assets, making it the sixth largest shareholder. Daiwa recently stated that any positive developments in Blue Arrow Aerospace's IPO on the Science and Technology Innovation Board, as well as positive news on commercial aerospace policies, could further serve as catalysts for Goldwind's stock price and provide an opportunity to reevaluate its valuation. JP Morgan believes that Goldwind Science & Technology's stock price may have risen too much in response to Blue Arrow Aerospace.