$FUJING HOLDINGS 02497.HK$ will be listed in Hong Kong on Thursday, March 28th. As of press time, its stocks show a quoted price of HK$2.54, an increase of 135.19% in gray market on M+ Global. With 2000 shares per board lot and no handling fee, a profit of HK$2920 per board lot can be earned.

Another new stock $LIANLIAN 02598.HK$ will also be listed in Hong Kong on Thursday, March 28th. As of the time of writing, its stocks show a quoted price of HK$9.71, an decrease of 4.99% in gray market on M+ Global.

Company Profile

$FUJING HOLDINGS 02497.HK$

$FUJING HOLDINGS 02497.HK$ is the largest producer of potted vegetable agricultural products in Shandong Province. Since 2012, the company has focused on selling its products within Shandong and expanded its sales network to Xi'an in Shaanxi Province and Dalian in Liaoning Province in 2019. As of the latest effective date, FUJING has three large-scale planting bases in Laixi, Xi'an, and Dalian, with a total area of about 431,605 square meters, including 140 high-standard greenhouse sheds covering a total construction area of 155,401 square meters. During the past recording period, FUJING's products were promoted and sold under the brand "FUJING Agriculture," encompassing 29 varieties of potted vegetable agricultural products. The company distributes its products through its network in China and resells to over 1,000 terminal customers in Shandong, Liaoning, and Shaanxi provinces.

$LIANLIAN 02598.HK$

$LIANLIAN 02598.HK$ is a digital payment solution provider in China with global payment capabilities to serve customers worldwide. The company offers digital payment services and value-added services to enable global trade activities, enhancing efficiency in the flow of funds and information. LIANLIAN mainly serves commercial clients, including small to medium-sized merchants and businesses, facilitating the repatriation of funds from overseas sales and providing swift and reliable payments through virtual accounts under globally endorsed commercial bank-backed accounts. In China, LIANLIAN operates as a payment service provider, offering a digital platform for corporate clients to integrate various online and offline payment modes initiated by end purchasers, simplifying their collection processes and reducing operational costs. The company's services ultimately facilitate the completion of payment processes.

About Grey Market Trading

The grey market is an over-the-counter market. In Hong Kong, it is generally conducted for pre-listing transactions of an IPO and carried out after the closing of the trading day before the listing of the IPO. The Hong Kong Stock Exchange system matches Hong Kong stock trading during trading hours. However, grey market transactions do not go through the Hong Kong Stock Exchange but through the internal system, which some securities companies provide for quotation matching.

Note: The trading hours for Hong Kong's grey market trading generally run from 16:15 to 18:30. However, M+ Global currently does not support the grey market trading feature. Please pay attention to the new stock market debut tomorrow before trading.

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