China's Qingci Games falls in Hong Kong debut; Shanghai Conant Optical up

Qingci Games

16/12/2021 04:24

** Shares of Chinese mobile game developer Qingci Games Inc
 6633.HK  trade as low as HK$9.25 in Hong Kong debut on
Thursday, 17.4% below their offer price 
    ** Stock last down 8.6% from the offer price of HK$11.20
apiece 
    ** Fujian, China-based Qingci Games sold 85 mln shares in
global offering, raising HK$952 mln ($121.98 mln) for R&D and
enriching game offerings, strengthening IT infrastructure and
for acquisitions  urn:newsml:reuters.com:*:nFWN2SP00G
    ** Another debutant Shanghai Conant Optical Co  2276.HK 
trades as high as HK$4.69 on its first day of trading, up 5.2%
from the offer price of HK$4.46 apiece; stock last up 1.3% 
    ** Shanghai-based spectacle lens manufacturer offered 121.6
mln shares in global offering, raising HK$542.3 million ($69.49
million) to expand production capacity, to strengthen R&D
capability and to repay bank borrowings  urn:newsml:reuters.com:*:nFWN2SZ0YQ
    ** The Hang Seng sub-index tracking information technology
firms  .HSCIIT  falls 2.1%, while the Hang Seng Composite Index
on industrials  .HSCIIG  climbs 0.5%
    ** The Hang Seng China Enterprises Index  .HSCE  falls 1.1%,
and the benchmark index  .HSI  slips 0.8%
    


($1 = 7.8043 Hong Kong dollars)

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