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During the morning trading session on September 26, 2025, the automobile industry witnessed a turbulent yet upward trend. Seres emerged as a standout performer, hitting the limit-up and reaching an unprecedented all-time high, with its total market capitalization soaring past 260 billion yuan. Other automotive stocks, including Shuguang Co., Ltd., also experienced upward movements.
In terms of news developments, Seres made a significant announcement on September 25, stating that it had submitted an application to the China Securities Regulatory Commission for the issuance of foreign capital shares intended for overseas listing, specifically H shares. The company outlined its plans to issue no more than 331 million ordinary shares for this overseas listing venture, with the intention of listing them on the Hong Kong Stock Exchange.
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