HK Stock Market Move | Commercial aerospace concept continues to rise, Hainan Drinda New Energy Technology (02865) up over 15%, APT SATELLITE (01045) up nearly 13%.

The concept of commercial aerospace continues to rise, as of the time of writing, Hainan Drinda New Energy Technology (02865) rose by 15.29%, to 25.64 Hong Kong dollars; APT SATELLITE (01045) rose by 12.81%, to 4.14 Hong Kong dollars; Goldwind Science & Technology (02208) rose by 5.92%, to 15.39 Hong Kong dollars. On the news front, according to media reports citing sources, Elon Musk is actively moving forward with the first public offering (IPO) plan of his space exploration technology company SpaceX, with the goal of completing the IPO before July this year. In addition, in recent days, three commercial aerospace companies - Galactic Energy, Interstellar Glory, and Space Knight Technology - have updated their progress in listing counseling, in addition to Blue Arrow Aerospace's IPO application being accepted and China Aerospace completing counseling registration. All five core companies specializing in launch rockets have entered the market, making a push towards becoming the "first stock of commercial aerospace". Of note, on the evening of January 21, Hainan Drinda New Energy Technology announced that it has entered into a placement agreement with placement agents to sell up to 18.682 million new H shares at a price of 22 Hong Kong dollars per share, raising up to 411 million Hong Kong dollars. The company plans to use approximately 45% of the net proceeds from the placement for research and production of space photovoltaic battery-related products, approximately 45% for equity investment and cooperation in the commercial aerospace field, and approximately 10% for supplementary operating funds.