Anta Sports (2020) has launched a top-up placement of up to HK$12.17 billion.
The company is selling 119 million shares, or 4.2 percent of enlarged share capital at a price range of HK$99.08 to HK$102.27 apiece, or a 6 to 8.9 percent discount on yesterday's closing price of HK$108.8.
The proceeds will be for repayment of loans and daily operational needs.
Meanwhile, Hong Kong stocks jumped 343 points to a nearly two-month high ahead of China data today that's projected to show increases in industrial production and retail sales as the country continues its recovery from Covid lockdowns.
The Hang Seng Index rose 1.7 percent to close at 20,782 points yesterday. HSBC (0005) advanced 2.3 percent.
The Hang Seng Tech Index added 2.2 percent, with Meituan (3690) up 4.7 percent. Tencent (0700) gained 1.5 percent while Alibaba (9988) edged up 1 percent.
Lenovo (0992) soared 5.8 percent, the best performer among blue chips. China's chip giant Semiconductor Manufacturing International Corporation (0981) added 3.1 percent.
Chow Tai Fook (1929) rose 1.4 percent after the company said its same-store sales in the city surged in the first quarter thanks to the border reopening with the mainland.
Chinese telecom stocks jumped, with China Mobile (0941) rising 3.1 percent. Chinese state-owned oil giants also saw a rally yesterday, led by PetroChina (0857), which closed 4.9 percent higher.
Xinyi Energy (3868), however, plunged over 10 percent at one time yesterday as the firm proposed to raise HK$1.6 billion at a 10 percent discount to the previous close.
China is expected to release gross domestic product data and other figures today, including those for March industrial production, retail sales and unemployment.
GDP likely grew 4 percent in the January-to-March period from a year prior, according to the median estimate in a Bloomberg survey of economists. That's a faster pace than the last three months of 2022, when the economy grew 2.9 percent.
But it would still be slower than the official annual growth target of around 5 percent, potentially fueling debate about whether more stimulus is needed.
For other data, economists are projecting that retail sales rose 7.5 percent in March while industrial output is estimated to grow 4.4 percent in the month from a year prior.
