Telecom products distributor Pangaea surges in Hong Kong debut

Pangaea Connectivity Technology

19/02/2021 03:48

** Shares of Pangaea Connectivity Technology Ltd  1473.HK 
trade as high as HK$0.87 each in Hong Kong trading debut, up
55.4% from the IPO price
    ** Telecommunications components distributor's stock last up
33.9% from IPO price of HK$0.56 
    ** Co sold 250 mln shares in IPO, raising HK$140 mln ($18.1
mln) for upgrading wireless application laboratory and expanding
geographic reach of sales and technical support coverage
 urn:newsml:reuters.com:*:nFWN2KN12B
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
slips 1.4%, and the Hang Seng subindex tracking information
technology firms  .HSCIIT  falls 2.2%
    ** The Hang Seng China Enterprises index  .HSCE  slides 1%,
and the benchmark index  .HSI  eases 1.1%


($1 = 7.7529 Hong Kong dollars)

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