Chinese EV maker Xpeng loses steam in HK debut; smaller newcomer Chaoju Eye shines

Chaoju Eye Care Holdings

07/07/2021 03:59

** Shares of Chinese electric vehicle (EV) maker Xpeng Inc
 9868.HK  trade as low as HK$159.30, down 3.5% from the offer
price of HK$165 apiece in the company's dual primary listing
debut in Hong Kong 
    ** Stock loses steam after climbing as much as 2.1% to
HK$168.50; among the 30 most actively trade by turnover 
    ** Xpeng's New York-listed American Depository Shares (ADS)
were up 0.7% late on Tuesday at $44.05 each. One ADS is
equivalent to two Hong Kong shares  urn:newsml:reuters.com:*:nL3N2OJ0BX
    ** Xpeng, which on Wednesday raised $1.8 bln by selling 85
mln shares in Hong Kong listing, will develop future models
based on product platforms designed for international markets,
its chief executive said  urn:newsml:reuters.com:*:nL2N2OJ02K
    ** Smaller newcomer Chaoju Eye Care Holdings  2219.HK 
shines in trading debut, with shares rising to HK$14.46, up
36.4% from the IPO price of HK$10.60 apiece  urn:newsml:reuters.com:*:nFWN2O50QQ
    ** The Beijing-based eye hospitals and optical centres
operator sold 170.9 mln shares in IPO, raising HK$1.81 bln ($233
mln) for establishment and acquiring hospitals, upgrading IT
systems    
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
slips 0.8%, while healthcare index  .HSCIH  rises 1.4%
    ** The Hang Seng China Enterprises Index  .HSCE  falls 1.5%,
and the benchmark index  .HSI  slides 1%

    ($1 = 7.7677 Hong Kong dollars)

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