Chinese property developer Zhongliang surges in HK debut

Edvantage group

16/07/2019 09:02

** Shares of Chinese property developer Zhongliang Holdings
Group Company Ltd  2772.HK  rise to a high of HK$6.22 on their
first day of trading, up 12% from IPO price of HK$5.55
    ** Stock last up 5.4% at HK$5.85; benchmark Hang Seng Index
 .HSI  rises 0.1%
    ** Zhejiang-based developer issued 530 mln shares in Hong
Kong IPO, raising HK$2.8 bln ($358.3 mln) net proceeds to fund
existing projects in China and repay loans (https://bit.ly/2GfH8Je)
    ** The Hang Seng sub-index tracking property firms  .HSNP 
edges up 0.03%, and the Hang Seng China enterprises index
 .HSCE  gains 0.1%
    ** Other new comers also rise, information technology
support services firm Platt Nera International  1949.HK  surges
as high as HK$1.77, up 41.6% from IPO price of HK$1.25
    ** Eyewear maker Kelfred Holdings  1134.HK  climbs as much
as 32%, integrated circuit products maker Contel Technology
 1912.HK  soars up to 36.9%
    ** Wastewater treatment service provider Kimou Environmental
Holding  6805.HK  climbs as much as 8.3%, and education services
provider Edvantage Group  0382.HK  gains 3.5%   
    ($1 = 7.8158 Hong Kong dollars)

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)