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1256 — Beijing ESWIN Computing Technology News Story

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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)

((donny.kwok@thomsonreuters.com))

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