China's railway operator Canggang surges in Hong Kong debut

Canggang Railway

23/10/2020 04:18

** Shares of Canggang Railway Ltd  2169.HK  climb as much as
18.9% from IPO price in their first day of trade in Hong Kong
    ** Trades as high as HK$1.13, up from IPO price of HK$0.95
each
    ** Shares last up 2.1%, compared with a 0.4% gain in the
benchmark  .HSI     
    ** Hebei-based railways operator sold 250 mln shares in Hong
Kong IPO, raising HK$237.5 mln ($30.7 mln) for construction of
two railway lines in Bohai New Area, to fund technical upgrades
and repay debt  urn:newsml:reuters.com:*:nFWN2HC0X8
    ** The Hang Seng China enterprises index  .HSCE  climbs 0.5%
($1=7.7500 Hong Kong dollars)

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