China's data solutions firm Sinohealth climbs in HK debut; Readboy dives

Readboy Education Holding Co

12/07/2022 08:26

** Shares of Chinese data insight solutions provider
Sinohealth Holdings Ltd  2361.HK  climb as much as HK$5.80 in
Hong Kong debut, up 8.2% from offer price of HK$5.36 
    ** Guangdong, China-based Sinohealth sold 75 mln shares in
its global offering, raising HK$402 mln ($51.21 mln) for
research and development, to upgrade and enhance its software
products  urn:newsml:reuters.com:*:nFWN2YE0WD 
    ** Shares of newcomer Readboy Education Holding Co Ltd
 2385.HK  trade as low as HK$5.40 per share on their first day
of trade, 28.9% below offer price of HK$7.60 
    ** Guangdong-based smart learning devices developer and
maker Readboy sold 52 mln shares in global offering, raising
HK$395 mln ($50.32 mln) for network expansion, for research and
development and for acquisitions  urn:newsml:reuters.com:*:nFWN2YF18N
    ** Brokers said investors' appetite for new listings remain
weak when they can hunt for bargain in soft market sentiment
    ** Hang Seng Commerce & Industry Index  .HSNC  falls 1.8%
and Hang Seng Tech Index  .HSTECH  drops 1.9%, and Hang Seng
Index  .HSI  slips 1.1%

    ($1 = 7.8496 Hong Kong dollars)

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