Beijing ESWIN rebounds from early losses in HK debut; outpaces key indexes
BUZZ-Beijing ESWIN rebounds from early losses in HK debut; outpaces key indexes ** Shares of Beijing ESWIN Computing Technology 1256.HK climb 5.8% to HK$1.64 after falling as much as 11.9% from the offer price in Hong Kong debut
** Stock last traded at HK$1.6, up 3.2% from HK$1.55 offer price vs a 1.1% gain in the benchmark Hang Seng Index .HSI and 1.6% rise in Hang Seng TECH Index .HSTECH
** Chinese chip products developer sold 1.617 billion H shares in global offering, raising HK$2.51 billion ($319.85 million)** Proceeds will be used to enhance hardware and software capabilities, fund mergers and acquisitions, and expand marketing network
** Hong Kong public offering portion was 9.09 times subscribed, while international offering portion was 1.95 times subscribed
($1 = 7.8475 Hong Kong dollars)
(Reporting by Donny Kwok)