HK Movers | Star Sports Medicine Stock Soars 244% in Hong Kong's Grey Market Trading
Tiger Newspress16:26
Medical device maker STAR SPORTS MED soared 244% in Hong Kong’s grey market trading.
Founded in 2017, Star Sports makes and sells medical implants and surgical equipment used in sports medicine. The company’s revenue rose 23% last year to 403 million yuan ($59 million) from 327 million yuan in 2024, while its profit over that period rose 44% to 137 million yuan from 95.4 million yuan.
The company plans to use 30% of its IPO proceeds to expand its production capacity, while another 35% will go to product development. Another 25% will go to sales and marketing, with the remaining 10% earmarked for working capital.
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