BUZZ-XtalPi rises after co targets HK$250 million revenue to meet Hong Kong listing threshold

Shares of XtalPi Holdings 2228.HK, a provider of drug and material science research and development solutions, jump as much as 9.7% to HK$7.25, their highest levels since November 8

Stock on track for the biggest one-day pct gain since February 10, if gains hold

XtalPi, which went public on June 13, expects its 2024 revenue to reach HK$250 million ($32.13 million), meeting the revenue threshold requirement for specialist technology companies under Hong Kong's listing rules

According to the listing rules, specialist technology companies must prove that it meets the definition of such a company and generate at least HK$250 million from their specialist technology business segments in the most recent audited financial year, among other criteria

Hang Seng Commerce & Industry Index .HSNC rises 2.1%, healthcare index .HSCIH climbs 2.4% and Hang Seng Index .HSI advances 1.3%

($1 = 7.7810 Hong Kong dollars)