HK Stock Market Move | GON TECHNOLOGY (02768) fell more than 5% to a record low the day after its listing, and was officially included in the Hong Kong stock connect program yesterday.
Guoen Technology (02768) fell more than 5% on the day after its IPO, with a decrease of 5.53% at the time of writing, to HKD 37.94, with a trading volume of HKD 1.17 billion.
GON TECHNOLOGY (02768) fell more than 5% the day after it went public, dropping 5.53% to HK$37.94 as of writing, with a trading volume of HK$1.17 billion.
On the news front, on February 4th, GON TECHNOLOGY officially listed on the Hong Kong Stock Exchange and was included in the Stock Connect on the first day of listing. According to the prospectus, the company is a China-based supplier specializing in chemical new materials, gelatin, and collagen-related products. The company serves the chemical industry and the health industry, mainly engaged in the research, development, production, and sales of industrial and commercial products. According to Frost & Sullivan data, in 2024, by sales revenue, GON TECHNOLOGY is the second-largest organic polymer modification materials and organic polymer composite materials enterprise in China, with a market share of 2.5%.
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