We're delighted to let you know that Honey Snow Ice City has received approval from the SFC! They're planning to issue 73.05 million H shares in Hong Kong.

 We're delighted to let you know that Honey Snow Ice City has received approval from the SFC! They're planning to issue 73.05 million H shares in Hong Kong.

We're thrilled to share the news that Honey Snow Ice City has received approval from the China Securities Regulatory Commission for its plan to list in Hong Kong and issue up to 73.05 million H shares. In addition, 12 shareholders will convert approximately 131 million domestic unlisted shares into H shares for circulation. This move is a big step for Honey Snow Ice City in the capital market and is expected to provide a lot of financial support for its future growth. As the largest tea drink chain brand in China, as of September 2024, Honey Snow Ice City has over 44,000 stores at home and abroad.

Tencent recently repurchased 3.93 million shares for HK$1.5 billion in a major buyback, the largest since 2006!

Tencent Holdings announced on January 7, 2025, that it successfully repurchased 3.93 million Hong Kong-listed shares at a cost of approximately HK$1.501 billion. This is one of the largest repurchases since 2006! This move comes after Tencent was blacklisted in the United States, and it shows that the company has a lot of confidence in its value. The shares were bought back at a price between HK$376.8 and HK$392.4, which is sure to get the market's attention. It's also worth mentioning that Tencent has completed a buyback program of over HK$112 billion in 2024, with a cumulative total of 307 million shares repurchased. This demonstrates Tencent's determination to continue enhancing shareholder returns, which is great news for everyone involved!