HK Stock Market Move | YUNJI(02670) surged nearly 60% as the company was included in the Stock Connect program; it had previously issued 624 million shares due to a share subdivision.
YUNJI (02670) surged nearly 60%. As of press time, it was up 52.39% at HK$8.915, with a turnover of HK$122 million.
YUNJI(02670) surged nearly 60%. As of press time, it was up 52.39% at HK$8.915, with a turnover of HK$122 million.
On the news front, according to announcements from the Shenzhen Stock Exchange and the Shanghai Stock Exchange, YUNJI (new) has been included in the list of securities eligible for the Stock Connect program, effective from October 8. It is reported that YUNJI previously announced the issuance of 624 million shares due to the subdivision of each existing issued share with a par value of RMB1 into 10 subdivided shares with a par value of RMB0.1 each, effective on September 23. The company's inclusion in the Stock Connect program will help expand its shareholder base, enhance trading activity, and improve the liquidity of its shares.
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