Ruihe Data Technology Buys Shares Worth HK$60 Million in Ligent IPO; Ruihe Shares Down 3%

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Ruihe Data Technology Holdings (HKG:3680) has placed an order to buy shares worth HK$60 million in optical components maker Ligent Technologies' (HKG:9856) initial public offering, according to a Monday bourse filing.

The company said it bought Ligent shares, which are expected to trade publicly from Sept. 22 onwards, at an offer price of HK$32.96 apiece through its Hong Kong unit. The number of Ligent shares allocated to Ruihe has not been disclosed yet.

Ruihe's shares were down 3% in morning trading on Tuesday.

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The number of Ligent shares allocated to Ruihe has not been disclosed yet.</p><p>Ruihe's shares were down 3% in morning trading on Tuesday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"REDS","symbol_name":"RPM Republican Senate ETF","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2667761830","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2667761830","pubTimestamp":1789440284,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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