China's household care products maker Cheerwin sinks in Hong Kong debut

Cheerwin

10/03/2021 02:43

** Shares of China's household insecticides and repellents
producer Cheerwin Group Ltd  6601.HK  trade as low as HK$7.32 in
Hong Kong trading debut, down 20.4% from IPO price
    ** Stock last down 10.1% from the IPO price of HK$9.20
apiece; among the 30 most actively traded by turnover in
mid-morning trade 
    ** Guangdong-based household and personal care products
maker and distributor sold 333.33 mln shares in Hong Kong IPO,
raising HK$3.07 bln ($395.5 mln) to develop new products,
enhance sales and distribution network, and to fund acquisitions
 urn:newsml:reuters.com:*:nFWN2L60WX
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
rises 1.7%
    ** The Hang Seng China enterprises index  .HSCE  climbs
0.9%, and the benchmark index  .HSI  gains 0.1%

($1 = 7.7628 Hong Kong dollars)

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