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Four Chinese firms plan to raise a combined HK$14.35 billion ($1.83 billion) through separate listings in Hong Kong. RoboTechnik Intelligent Technology aims to raise about HK$5.18 billion, with its total deal potentially reaching HK$6.85 billion if options are exercised. Shenzhen Kinwong Electronic seeks up to HK$5.10
Four Chinese firms are seeking to raise a combined HK$14.35 billion ($1.83 billion) through separate Hong Kong listings, per exchange filings, with automation equipment maker RoboTechnik the largest portion.
Alibaba Group Holding Ltd. (NYSE: BABA ) stock fell in Wednesday’s premarket session as investors pulled back from risk assets amid weaker U.S. index futures. Nasdaq futures declined 0.54%, while S&P 500 futures slipped 0.23%. The stock continues to trade near its 52-week low, making it more vulnerable to broader marke