Property management firm Binjiang climbs on HK debut, others slide

Alliance International Education Leasing Holdings

15/03/2019 03:56

** Shares of property management firm Binjiang Service Group
 3316.HK  trade as much as 10 pct above the IPO price on the
first day of trading, riding on a firmer tone in the broader
market 
    ** Stock of the Hangzhou-based firm rises as high as to
HK$7.66 on debut, compared with the IPO price of HK$6.96 apiece
    ** Binjiang offered for sale of 66.7 million shares in Hong
Kong IPO, raising net proceed of HK$390 million ($49.7
million)to fund acquisition of property management firms,
development of management service systems, and apartments
management platform (https://bit.ly/2O4un7c)  
    ** The Hang Seng China enterprises index  .HSCE  climbs 1
pct and the benchmark index  .HSI  gains 0.9 pct
    ** Other new comers are mixed with finance leasing business
group International Alliance Financial  1563.HK  trading
unchanged with the IPO price at HK$0.85 apiece
    ** Malaysia-based scrap ferrous metal trader Heng Hup
Holdings  1891.HK  slides to HK$0.395 on debut, from the IPO
price of HK$0.50 each
    ** Coal and coke trader China Risun Group  1907.HK  is
trading at HK$2.77 each, below the IPO price of HK$2.80 apiece 

($1 = 7.8487 Hong Kong dollars)

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