Chinese spirit maker ZJLD falls in Hong Kong debut, newcomer MedSci climbs

CALB

27/04/2023 03:55

** Shares of Chinese spirit maker ZJLD Group  6979.HK  trade
as low as HK$9 each in Hong Kong debut on Thursday, down 16.8%
from the initial public offering (IPO) price 
    ** Stock last trades at HK$9.34 in mid morning, still down
13.7% from the HK$10.82 offer price
    ** The U.S. private equity giant KKR & Co Inc  KKR.N -backed
company offered 490.7 mln shares in Hong Kong IPO, raising
$675.2 mln - the biggest new share sale in Hong Kong since CALB
Group Co  3931.HK  raised $1.3 billion in October
    ** Shares of domestic rival Kweichow Moutai Co Ltd
 600519.SS  slip 0.4% 
    ** Stock of Chinese lithium battery maker CALB  3931.HK 
down 0.2%
    ** Another newcomer, MedSci Healthcare Holdings Ltd,
 2415.HK  trades as high as at HK$9.30 per share on debut, up
2.2% from the offer price of HK$9.10 apiece, after the digital
medical marketing services provider raised $77.5 mln in IPO
    ** Hang Seng Consumption Index  .HSCGSI  eases 0.9% and Hang
Seng Composite Index  .HSCI  slips 0.04% while Hang Seng Index
 .HSI  gains 0.1%



($1 = 7.8497 Hong Kong dollars)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))