HK-listed property manager Xinyuan rises on trading debut

360 Ludashi Holdings

11/10/2019 05:43

** Shares of Xinyuan Property Management Service (Cayman)
Ltd  1895.HK  up as much as HK$4.20 on the first day of trading,
more than double their IPO price, to outpace a gain of 2.2% in
the benchmark Hang Seng Index  .HSI 
    ** Stock, which is the 12th most actively traded, trims
gains to HK$3.74  
    ** The Henan-based firm had offered 125 mln shares at
HK$2.08 each in Hong Kong IPO, raising capital to expand
property management services, fund strategic acquisition and
investment, and upgrade information technology and smart systems
 https://bit.ly/2pZ3PMw
    ** Chinese software developer 360 Ludashi Holdings
 3601.HK , a unit of 360 Security Technology  601360.SS , surges
29.8% after Thursday's strong debut, with shares over three
times its IPO price  urn:newsml:reuters.com:*:nL3N26V140    
    ** The Hong Kong Hang Seng sub-index tracking property firms
 .HSNP  rises 3.01%, and the Hang Seng sub-index tracking
information technology firms  .HSCIIT  climbs 1.1%
    ** The Hong Kong Hang Seng China enterprises index  .HSCE 
climbs 2%  

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