2Firsts, reporting from Shenzhen - Huabao International (HK:00336) opened at HK$2.55 on March 13 and closed at HK$3.19, surging 25.1%. Trading volume reached HK$369 million (around $47.5 million), bringing its total market value to HK$10.3 billion (around $1.32 billion).
According to the official website of Huabao International, Huabao International Holdings Limited was established in 1996 and listed on the Hong Kong Stock Exchange (00336.HK) in 2006.
Its core business includes the research, production, sales, and services of flavors (for tobacco, food, and daily use), fragrance raw materials, tobacco materials, and ingredients (reconstructed tobacco leaves, expanded tobacco stems, new cigarette materials, etc.), and seasoning products.
In February, Huabao International said its Executive Director and Deputy Chief Financial Officer Cai Wenxia had been informed by Hong Kong’s Independent Commission Against Corruption that its investigation had been completed and no further action was required.
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