来源：金吾财讯 金吾财讯 | 中国宏桥(01378)低开7.74%，报29.8港元，盘前成交额119亿港元。 摩根士丹利称，中国宏桥可能在短期内面临来自股权配售计划的轻微下行压力，但由于铝价高企其前景 仍然乐观；维持增持评级，目标价30.6港元。 公司公告公布，于2025年11月17日（交易时段后），拟先旧后新配售至多4亿股股份，占扩大的公司已 发行股本的约4.03%。每股配售价为29.2港元，较上交易日收市价32.3港元折让约9.6%。配售事项的所 得款项总额预期将约为116.8亿港元，而配售事项的所得款项净额预期约为114.9亿港元。公司拟将配售 事项及认购事项所得款项净额用作发展及提升其国内及海外项目、偿还现有债务以优化其资本架构，以 及用作补充营运资金及一般企业用途。 ...

Group 1 - China Mobile Hong Kong has completed a tender offer for Hong Kong Broadband, acquiring a total of 78.08% of its shares [3] - Following the acquisition, the controlling shareholder, China Mobile Hong Kong, will reduce its stake to 74.84% by placing 47.925 million existing shares, while public ownership will be approximately 22.89% [3] - Hong Kong Broadband does not meet the minimum public float requirement of 25% as per listing rules, prompting both the company and China Mobile Hong Kong to take measures to ensure sufficient public shareholding [3] Group 2 - China Mobile has no intention of privatizing Hong Kong Broadband and aims to maintain its listing status, supporting the company in improving its financial condition [3] - The merger is expected to help Hong Kong Broadband secure better financing conditions and repay debts, potentially reducing interest expenses by up to 600 to 700 million HKD annually [3] - China Mobile intends to leverage its industry expertise to enhance Hong Kong Broadband's competitive position and expand market share, maximizing synergies for long-term value for shareholders [4]

Core Viewpoint - China Hanking Holdings Limited (03788.HK) has entered into a subscription agreement to issue shares at a price of HKD 3.13 per share, which represents a discount of approximately 14.7% from the closing price of HKD 3.67 on the date of the agreement [1][2] Group 1 - The subscription involves two parties: Zijin Global Fund, which will subscribe for 25 million shares, and Kingsoft, which will subscribe for 50 million shares [1][2] - The total amount raised from the subscription is expected to be approximately HKD 234 million, with a net amount of about HKD 231 million after expenses [1][2] - The shares to be issued represent approximately 3.83% of the existing issued share capital and about 3.69% of the enlarged issued share capital post-issuance [1][2] Group 2 - The net proceeds from the subscription will be used alongside the company's own funds to support the development of gold mining projects in Australia, specifically the Cygnet and Mt Bundy projects [2] - The company is in the process of spinning off its subsidiary Hanking Gold Limited for a listing on the Hong Kong Stock Exchange, aiming to meet future funding needs for the Australian gold mining projects [2] - The terms of the subscription agreement are considered fair and reasonable, aligning with the overall interests of the company and its shareholders [2]

Core Viewpoint - Wei Long Global Holdings Limited (referred to as "Wei Long") announced a placement of 80 million shares at a price of HKD 14.72 per share, expecting a net amount of approximately HKD 1.167 billion after deducting commissions and estimated expenses [2][3]. Shareholding Structure - Before the transaction, major shareholders Liu Weiping and Liu Fuping controlled 80.99% of the company, while public shareholders held 17.12% [4]. - After the transaction, Liu Weiping and Liu Fuping's control will decrease to 78.33%, while the public shareholders' stake will adjust to 16.56% [4]. Financial Performance - Wei Long's revenue for 2024 is projected to be RMB 6.266 billion, a 28.6% increase from RMB 4.872 billion in the previous year [5][6]. - The gross profit for 2024 is expected to be RMB 3.016 billion, up 29.9% from RMB 2.323 billion, with a gross margin of 48.1% [6][7]. - Operating profit for 2024 is anticipated to be RMB 1.4 billion, reflecting a 27% increase from RMB 1.1 billion [7]. - The net profit for 2024 is projected at RMB 1.068 billion, a 21.3% increase from RMB 880 million in the previous year [7]. Management Changes - CEO Sun Yinan will resign from his position effective April 30, 2025, but will continue as a consultant [7]. - Liu Fuping has been appointed as the new CEO, effective from the same date [7].