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Yuexiu Services falls in Hong Kong debut, smaller new comer Morimatsu shines

Reuters2021-06-28

** Shares of Yuexiu Services Group Ltd trade as low as at HK$4.70 each in Hong Kong trading debut on Monday, down 3.7% from the IPO price

** The property management unit of Yuexiu Property offered 369.66 mln shares in Hong Kong IPO at HK$4.88 apiece, raising HK$1.8 bln ($231.9 mln) to fund acquisitions, expand business scale, and to develop IT system

** Stock of Yuexiu Property fall 1.3%

** Smaller new comer Morimatsu International Holdings Co Ltd trade as high as at HK$10.76 each on trading debut, up 333.9% from the IPO price

** Stock last up 263.3% from the IPO price of HK$2.48 each; the seventh most actively traded shares by turnover

** Shanghai-based pressure equipment manufacturer offered 250 mln shares in Hong Kong IPO, raising HK$620 mln ($79.9 mln) to enhance production capacity and production capability

** The Hong Kong Hang Seng Commerce & Industry Index gains 0.4%, while the Hong Kong Hang Seng sub-index tracking property firms slips 0.4%

** The Hang Seng China Enterprises Index eases 0.3%, and the benchmark index edges down 0.1%

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  • Kelkel86
    ·2021-06-28
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    ·2021-06-28
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    ·2021-06-28
    Great day
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    ·2021-06-28
    Ya
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      2021-06-28
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