Chinese detergent maker Blue Moon jumps in Hong Kong debut

Blue Moon group

16/12/2020 02:32

** Shares of Chinese detergent maker Blue Moon Group
Holdings  6993.HK  trade as high as at HK$16.50 each in Hong
Kong trading debut, up 25.4% from their IPO price 
    ** Stock last up 19% from their IPO price, outpacing a 0.6%
gain in the benchmark Hang Seng Index  .HSI 
    ** Company is the most actively traded by turnover 
    ** Guangdong-based detergent maker priced its shares at
HK$13.16 apiece as it raised $1.27 bln during the IPO last week
for building up its sales and distribution networks while
expanding production capacity  urn:newsml:reuters.com:*:nL1N2IP052  
    ** Half of the shares in the deal were sold to retail
shareholders after the transaction was 301 times oversubscribed
by those investors, the company's filings showed
    ** The Hang Seng China enterprises index  .HSCE  climbs 0.5%


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