Mobile game developer Archosaur shines on HK debut

Sino-Entertainment Technology Holdings

15/07/2020 04:32

** Shares of Chinese mobile games developer Archosaur Games
Inc  9990.HK  rise as high as HK$18.40 on trading debut, up
58.6% from the IPO price of HK$11.60/share
    ** Stock is the fifth most actively traded by turnover on
the Hong Kong bourse 
    ** Beijing-based co has priced its Hong Kong IPO of 187.4
mln shares at top end of an indicative range, raising HK$2.2 bln
($280 mln)  urn:newsml:reuters.com:*:nL4N2EF0LA
    ** Co to use proceeds to expand game portfolio, game
publishing business outside China and fund acquisitions  
    ** Cathay Media and Education Group  1981.HK , a
Beijing-based television series and film producer, rises as high
as HK$4.87, up 57.1% from the IPO price of HK$3.10/share
    ** China-based mobile game developer Sino-Entertainment
Technology Holdings  6933.HK  climbs as high as HK$1.79, up 9.8%
from the IPO price of HK$1.63/share  
    ** Shanghai-based Ganglong China Property Group  6968.HK 
slips to a low of HK$3.73, down 5.1% from the IPO price of
HK$3.93/share  
    ** Education services firm Dashan Education  9986.HK  falls
as much as 17.6% from the IPO price to HK$1.03
    ** Technology integrated services provider China New Energy
 1156.HK  drops 24.5% from the IPO price to HK$0.74
    ** The Hang Seng China enterprises index  .HSCE  declines
0.2%, while the benchmark index  .HSI  slides 0.1%

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