Property manager Central China Management slips in Hong Kong debut

Central China Management

31/05/2021 05:07

** Shares of Central China Management Co Ltd  9982.HK  trade
as low as HK$2.40 in their Hong Kong debut, 20% below their IPO
price 
    ** The Henan-based property project management services
provider, a spin-off of Central China Real Estate  0832.HK ,
offered 328.2 mln shares in Hong Kong IPO raising HK$984.5 mln
($126.9 mln) for market expansion, to fund acquisitions, to
enhance IT system and infrastructure  urn:newsml:reuters.com:*:nFWN2NE1FQ
    ** Shares of Central China Real Estate fall as much as 5% to
HK$2.07, their lowest since May 18
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
slides 0.8%, and Hang Seng sub-index tracking property firms
 .HSNP  drops 1.3%
    ** The Hang Seng China enterprises index  .HSCE  climbs
0.1%, and the benchmark index  .HSI  slips 0.6%

    ($1 = 7.7613 Hong Kong dollars)

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