Yacht maker Ferretti rises in HK debut; Recbio, Redco shine

Ferretti SpA

31/03/2022 05:07

** Shares in Italian yacht maker Ferretti SpA  9638.HK 
trade as high as HK$23.75, up 3.8% from the offer price of
HK$22.88, in their Hong Kong debut 
    ** Stock outperforms 0.8% drop in the benchmark Hang Seng
Index  .HSI 
    ** Ferretti, which is owned by Chinese conglomerate Weichai
Group, sold 83.58 mln shares in the global offering, raising
$244 mln proceeds to broaden its brand portfolio and strengthen
services for owners of its boats  urn:newsml:reuters.com:*:nL2N2VY03E
    ** Newcomer Jiangsu Recbio Technology Co Ltd  2179.HK  rises
2.2% from the IPO price to HK$25.35 per share on trading debut
after the Chinese vaccine developer sold HK$765.08 mln ($97.7
mln) shares at HK$24.80 each, raising proceeds for
commercialization of products and COVID-19 vaccine  urn:newsml:reuters.com:*:nFWN2VW0OX
    ** Redco Healthy Living  2370.HK  soars 59.8% on first day
of trade to HK$6.55 after the property management group sold
HK$205 mln ($26.19 mln) shares at HK$4.10 each, raising capital
for acquisitions and services expansion  urn:newsml:reuters.com:*:nFWN2VW105
    ** Hang Seng Mainland Properties Index  .HSMPI  gains 0.9%,
while healthcare index  .HSCIH  drops 3.3% and Hang Seng Index
 .HSI  slips 0.7%
    
    ($1 = 7.8282 Hong Kong dollars)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))