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HKG:3690 News 16 December 2025

Hong Kong Tech Stocks Slide as Hang Seng Tech Hits a Three-Week Low; Alibaba and Tencent Sink on Tax-Rumor Jitters and Global Risk-Off (Dec. 16, 2025)

Hong Kong Tech Stocks Slide as Hang Seng Tech Hits a Three-Week Low; Alibaba and Tencent Sink on Tax-Rumor Jitters and Global Risk-Off (Dec. 16, 2025)

HONG KONG — Hong Kong’s technology shares extended their pullback on Tuesday, December 16, 2025, dragging the Hang Seng Tech Index to a fresh multi-week low as investors weighed a mix of global macro unease and a burst of local policy anxiety. Alibaba and Tencent were among the biggest drags, with selling pressure intensifying intraday after a market rumor circulated…
16 December 2025
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Stock Market Today

  • Helios Consortium Raises Possible Cash Offer for CAB Payments to $1.15 per Share
    February 2, 2026, 2:55 AM EST. Helios Investment Partners has upped its potential offer for CAB Payments Holdings to $1.15 cash per share, reflecting a 21% premium over the 30-day volume weighted average price. The consortium controls 50.33% of CAB shares and proposes a partial unlisted share alternative for shareholders wishing to stay invested. Previously, a $1.05 cash bid was rejected in late January. The new offer values CAB Payments at approximately $292 million. The move follows a challenging trading period for the company and aims to provide shareholders an exit option while maintaining future participation through the unlisted alternative. A firm offer is not guaranteed; the announcement complies with the UK City Code on Takeovers and Mergers.
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