The Lands Department earlier announced that the tender for the site Tung Chung Town Lot No. 54 at Area 106A, Tung Chung, New Territories was awarded to the successful tenderer, Able Best Limited (parent company: ABLE ENG HLDGS (01627.HK)), on a 50-year land grant at a premium of $1.627 billion.

The Lands Department today (17th) disclosed, on an anonymous basis, the tender amounts submitted by the other five unsuccessful bidders. The second-highest bid was HKD1.61 billion, only HKD17 million, or about 1%, lower than the winning bid. The remaining four bids ranged from HKD725 million to approximately HKD1.084 billion.
~

AASTOCKS Financial News
Website: www.aastocks.com

ART GROUP HOLD (00565.HK) announced that its indirectly non-wholly owned subsidiary, Arts Award Corporation (International) Limited, as purchaser, entered into an agreement with seller Divine Consulting Group Limited to acquire approximately 17.9% equity interest in target company Edgeon Data Co., Ltd at a consideration of approximately KRW1.527 billion, equivalent to approximately HKD7.634 million.

On the same day, Arts Award Corporation (International) Limited also entered into a shareholder loan agreement with Edgeon Data, under which it will provide a loan with a principal amount of USD8.986 million for a term of five years from the date of drawdown, bearing an annual interest rate of 15%.

The Group stated that this investment marks the commencement of its data center business. Edgeon Data Co., Ltd entered into property sale and purchase and operating rights transfer agreements to acquire a parcel of land in Busan, South Korea, and to develop, construct and operate a data center project on the site. The project is planned to be positioned as a hyperscale data center in Busan with contracted power capacity of approximately 200 megawatts, targeting global cloud service providers, AI enterprises, and large internet and technology companies as its core customers.
~

AASTOCKS Financial News
Website: www.aastocks.com

The Hong Kong Observatory (HKO) stated that under the influence of an active southerly airstream, showers are expected to be heavy at times over the territory tonight (17th) and at first tomorrow (18th). There may be flooding in some areas. Members of the public are advised to take necessary precautions to avoid possible flood damage.

The Observatory will issue rainstorm warning signals or Localised Heavy Rain Advisory when necessary. Members of the public should pay attention to the latest weather information issued by the Observatory before going to work or school tomorrow morning.
~

AASTOCKS Financial News
Website: www.aastocks.com

A spokesperson for the Securities and Futures Commission (SFC) of Hong Kong said the regulator will continue to advance a settlement agreement reached with PricewaterhouseCoopers Hong Kong (PwC), under which HKD1 billion will be paid in compensation to independent minority shareholders of China Evergrande, Bloomberg reported.

Earlier, the liquidators of China Evergrande expressed dissatisfaction with the above settlement agreement and filed for a judicial review in court, arguing that the SFC had exceeded its authority in reaching the settlement with PwC and that the responsibility should rest with Hong Kong's accounting regulator.
~

AASTOCKS Financial News
Website: www.aastocks.com

GIANT BIOGENE (02367.HK) announced that Shaanxi Giant Biotechnology Co., Ltd., a wholly-owned subsidiary of the Company, has received the Medical Device Registration Certificate of the People’s Republic of China issued by China National Medical Products Administration in respect of the product titled Cross-linked Recombinant Collagen Implant today.

The Product adopts the full-length sequence of mature human type III collagen, which consists of 1,068 amino acids in total, fully retaining the natural functional domains of collagen, and employs a physical cross-linking process with no risk of chemical cross-linking agent residues to form a stable three-dimensional mesh gel, which is intended for intradermal injection into the dermis layer of the neck to correct moderate to severe horizontal neck wrinkles.
~

AASTOCKS Financial News
Website: www.aastocks.com

KEYTOP PARKING (02272.HK), a smart parking space operator, announced details of its IPO. The company plans to globally offer approximately 10.1123 million H shares, with around 10% allocated to the Hong Kong public offering and about 90% to the international placing.

The offer price is HKD39.55 per share. With a board lot size of 60 shares, the entry fee is approximately HKD2,396.92. The offer period runs from today (17th) until next Tuesday (23rd), with listing expected on June 26. CICC and CMBC Capital act as joint sponsors.

Based on the offer price of HKD39.55, net proceeds are estimated to be nearly HKD340 million.
~

AASTOCKS Financial News
Website: www.aastocks.com

TENCENT (00700.HK)'s Tencent Cloud entered into a strategic cooperation agreement with Beijing Wuwen Zhixing Technology (Wuwen Zhike) to jointly build physical AI infrastructure, promote the development of embodied intelligence and related industries, and accelerate the implementation of AI technologies in the physical world.

Under the agreement, Tencent Cloud and Wuwen Zhike will engage in in-depth collaboration across multiple dimensions, including embodied intelligence technology research and development, scenario deployment and ecosystem building.

The two parties will jointly establish an integrated closed-loop infrastructure covering computing power and data for embodied intelligence. Leveraging Wuwen Zhike’s general physical AI data foundation "Wuyin", integrating Tencent Hunyuan large model technologies, and combining Wuwen Zhike’s virtual-real integrated closed-loop technologies, they aim to develop benchmark applications for embodied intelligence.
~

AASTOCKS Financial News
Website: www.aastocks.com

On debut today, SENASIC(06675.HK) opened at $31.6, up 72.1% from the listing price of $18.36. Peaking/ bottoming at $41.9/31.58, the stock closed at $41.7, up 127.1% from the listing price of $18.36, on volume of 16.47 million shares and turnover of $587.35 million. Excluding handling fee, the book gain was $4,668 per board lot size of 200 shares.
~



AAStocks Financial News
Web Site: www.aastocks.com

At close, HSI dropped 181 pts or 0.7% to 24,312. HSTI rose 10 pts or 0.2% to 4,669. HSCEI fell 96 pts or 1.2% to 8,144. Market turnover reached $270.41 billion.

Active Heavyweights:
XIAOMI (01810.HK) closed at $25.42, down 0.9%
TENCENT (00700.HK) closed at $445.4, down 0.4%
BABA (09988.HK) closed at $106.9, down 0.1%

HSI & HSCEI Constituents on Move:
KUAISHOU-W (01024.HK) closed at $47.7, up 7.3%
SUNNY OPTICAL (02382.HK) closed at $79.55, up 6.6%
LI AUTO (02015.HK) closed at $53.9, down 3.8%
LAOPU GOLD (06181.HK) closed at $452, down 3.7%
HAIDILAO (06862.HK) closed at $11.7, down 3.6%
ABC (01288.HK) closed at $5.83, down 3.3%
JD HEALTH (06618.HK) closed at $35.42, down 3.3%
CNOOC (00883.HK) closed at $22.84, down 3.1%
XPENG-W (09868.HK) closed at $53.35, down 3.1%
PSBC (01658.HK) closed at $5.04, down 3.1%
MENGNIU DAIRY (02319.HK) closed at $15.8, down 3%

HSMI & HSSI Constituents on Move:
CIDI (03881.HK) closed at $23.3, up 35.5%
CNBM (03323.HK) closed at $6.61, up 25%
KINGBOARD HLDG (00148.HK) closed at $116.5, up 17.7%, hitting new high
PATEO (02889.HK) closed at $177.5, down 15.6%
MEDBOT-B (02252.HK) closed at $24.24, up 13.8%
KB LAMINATES (01888.HK) closed at $88.55, up 3.1%, hitting new high
DONGYUE GROUP (00189.HK) closed at $21.54, up 2.3%, hitting new high
~



AAStocks Financial News
Web Site: www.aastocks.com

MANULIFE-S (00945.HK) has withdrawn a policy loan product targeting wealth clients in Hong Kong after it triggered regulatory scrutiny, Bloomberg, citing sources, reported.

The product, according to sales documents, allowed affluent individuals to purchase insurance policies with a notional value of up to USD80 million using leverage of nearly four times, offering a return of more than 10%.

Clients were required to make an initial investment of USD14.4 million and could borrow USD56 million at a fixed interest rate of 3.39% for five years. In comparison, other policy loans available to retail clients currently carry borrowing costs of around 7%.

Sources said that while premium financing is common among high-net-worth individuals, the plan drew attention due to its aggressive leverage level and unusually low financing cost.

A spokesperson for MANULIFE-S said the company regularly reviews its policy services and makes adjustments based on day-to-day operations. Insurance Authority CEO Clement Cheung said the regulator would not comment on individual cases.
~

AASTOCKS Financial News
Website: www.aastocks.com

The Competition Commission announced the acceptance of a commitment offered by Keeta. The acceptance of the commitment means that the voluntary amendments made earlier by Keeta to its agreements with partnering restaurants are now legally binding and specifically enforceable by the Commission under the Competition Ordinance.

The Commission had previously raised concerns that certain provisions in Keeta’s agreements with its partnering restaurants may hinder entry and expansion by new or smaller platforms and soften competition in the online food delivery market, potentially in contravention of the First Conduct Rule of the Ordinance.

To address the Commission’s concerns, Keeta had earlier agreed to a two-step process comprising voluntary amendments in the first step and a commitment to the Commission in the second step. Keeta had confirmed in early April 2026 that the voluntary amendments have already come into effect.

In the proposed commitment, Keeta offered to amend provisions to allow restaurants to partner with new entrants and/or small platforms without losing the commercial incentives that restaurants would otherwise be entitled to when they work exclusively with Keeta; amend provisions to make it easier for restaurants to switch from working exclusively with Keeta to also partnering with other online food delivery platforms; and remove provisions that prevent restaurants from offering lower menu prices to consumers on their own direct channels and on competing online delivery platforms.

The commitment has come into effect today and will remain in force until 28 December 20262, with reporting mechanisms in place to ensure compliance.
~

AASTOCKS Financial News
Website: www.aastocks.com

HUTCHTEL HK (00215.HK) announced that, to promote the proliferation of AI, it will launch a series of AI-centric innovative products and services. Its 3HK and 3SUPREME brands will partner with Basicware AI to roll out a large-model experience campaign starting next month, distributing a total of 80 billion AI tokens to new subscribers and 5G contract renewal customers.

Each eligible customer will receive 10 million AI tokens to experience on its one-stop multi-model platform, BasicRouter, of more than 70 leading global AI large models, including Alibaba Cloud’s Qwen series, ByteDance’s Seed series, as well as Claude, GPT, Gemini, DeepSeek, Kling and Kimi.

In addition, HUTCHTEL HK is collaborating with AI and AR glasses brand INMO to debut the international version of the INMO GO3 AI glasses. The company also plans to launch an "AI Travel Assistant" service in early July, offering customers AI-powered personalized travel itinerary planning and overseas data service privileges.
~

AASTOCKS Financial News
Website: www.aastocks.com

At midday close, HSI dropped 89 pts or 0.4% to 24,403. HSTI rose 8 pts or 0.2% to 4,666. HSCEI fell 60 pts or 0.7% to 8,179.

Active Heavyweights:
TENCENT (00700.HK) closed at $452, up 1%
XIAOMI (01810.HK) closed at $25.48, down 0.7%
BABA (09988.HK) closed at $107.3, up 0.3%

HSI & HSCEI Constituents on Move:
SUNNY OPTICAL (02382.HK) closed at $80.9, up 8.4%
KUAISHOU-W (01024.HK) closed at $47.02, up 5.8%
XPENG-W (09868.HK) closed at $53.3, down 3.2%
CHINA RES MIXC (01209.HK) closed at $38.56, down 3.1%
GEELY AUTO (00175.HK) closed at $18.99, down 3%

HSMI & HSSI Constituents on Move:
CIDI (03881.HK) closed at $22.96, up 33.6%
KINGBOARD HLDG (00148.HK) closed at $115.7, up 16.9%, hitting new high
CNBM (03323.HK) closed at $6.16, up 16.4%
MEDBOT-B (02252.HK) closed at $23.96, up 12.5%
DONGYUE GROUP (00189.HK) closed at $21.1, up 0.2%, hitting new high
~



AAStocks Financial News
Web Site: www.aastocks.com

On debut today, SENASIC(06675.HK) opened at $31.6, up 72.1% from the listing price of $18.36. Peaking/ bottoming at $41/31.58, the stock closed midday at $40.12, up 118.5% from the listing price of $18.36, on volume of 13.82 million shares and turnover of $480.91 million.
~



AAStocks Financial News
Web Site: www.aastocks.com

Overnight HIBOR last posted at 2.81%, according to HKAB. Meanwhile, the 1-Month HIBOR related to mortgage rate last stood at 2.95905%, marking a 1-month high.

HIBOR
Tenor | Latest rate | Change (vs. last trading day)
Overnight | 2.81% | +24.488 bps
1-Week | 2.8% | +40.571 bps
1-Month | 2.95905% | +10.762 bps
3-Month | 2.98815% | +8.654 bps
6-Month | 3.06137% | +5.542 bps
12-Month | 3.26357% | +2.428 bps

Information as of: 2026-06-17 11:15
~



AAStocks Financial News
Web Site: www.aastocks.com

KNOWLEDGE ATLAS (02513.HK) today launched and open-sourced GLM-5.2. According to the introduction, GLM-5.2 is purpose-built for long-horizon task capabilities.

Its new features include: Solid 1 million-context support to stably handle long-horizon tasks; enhanced user experience and more practical Coding capabilities; extreme Infra optimization, running on domestic computing power platforms from Day 0; and adoption of the MIT open-source license with no regional restrictions, promoting technology inclusivity without borders.

The 1 million context window underpins GLM-5.2’s long-horizon delivery capability. Multiple long-horizon task benchmarks show that GLM-5.2’s performance ranks between Claude Opus 4.7 and 4.8, making it the highest-ranked open-source model.
~

AASTOCKS Financial News
Website: www.aastocks.com

YUZHOU GROUP (01628.HK) entered into a preliminary agreement to sell properties on the 58th floor of The Center for approximately HKD269 million to Golden Sunny Limited, ultimately owned by an independent third party.

The company expects to record a loss of approximately HKD83.02 million from the disposal. Proceeds from the sale are intended for debt repayment.

The properties include Units 5801, 5802, 5803, 5805, 5806 and 5813 on the 58th Floor, The Center, 99 Queen’s Road Central, Hong Kong.
~

AASTOCKS Financial News
Website: www.aastocks.com

AI terminal hardware core supplier LINGYI ITECH (01688.HK) announced its IPO plan to offer nearly 812 million H shares globally, with 10% for Hong Kong public offering (approximately 81.1813 million shares) and 90% for international offering (nearly 731 million shares). The maximum offer price is HKD10.18 per share, with a board lot of 660 shares and an entry fee of HKD6,786.56 per lot.

The offer period runs from today (17th) to next Tuesday (23rd) at noon, with listing expected on June 26. Guotai Haitong is the sole sponsor. The IPO introduced 19 cornerstone investors, including GF Fund, Kaide Global Investment, Qube, Ti-Capital Funds, Value Partners, SUNNY OPTICAL (02382.HK), and Taikang Life, among others, subscribing to shares worth approximately USD407 million in aggregate.

Based on the maximum offer price of HKD10.18, the global offering is expected to raise net proceeds of approximately HKD8.152 billion.
~

AASTOCKS Financial News
Website: www.aastocks.com

PATEO (02889.HK) announced a share placing at a discount of over 17% to raise net proceeds of HKD380 million. The stock opened 0.95% lower today before losses widened, hitting an intraday trough of HKD179.1. It last quoted at HKD190.5, down 9.46%, with turnover of 37,000 shares, involving HKD7.088 million.

PATEO announced a plan to place a total of 2.2593 million new H shares, representing approximately 2.73% of its enlarged total issued H shares. The placing price is HKD173.4 per share, representing a discount of approximately 17.59% to the previous trading day's closing price of HKD210.4 per share. Net proceeds are expected to reach approximately HKD382 million.
~

AASTOCKS Financial News
Website: www.aastocks.com