BUZZ-Kitchenware maker Carote shines in Hong Kong debut

Reuters10-02

** Carote jumps as much as 88.2% to HK$10.88 in Hong Kong debut; offer price was HK$5.78

** Kitchenware maker and distributor, last traded at HK$9.06, tracks strength of broader market boosted by China's stimulus measures

** Around 104.8 mln shares worth HK$977.4 mln change hands

** Carote offered ~130 mln shares in Hong Kong IPO, raising HK$750.6 mln (~$97 mln) to fund acquisition, product development and sales channel expansion

** Benchmark Hang Seng Index , set for its sixth straight session of gains, is up 6%

** Hang Seng Commerce & Industry Index surges 7%, while index tracking industrial stocks up 4.7%

($1 = 7.7660 Hong Kong dollars)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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