Jiaxing Gas, Fengxiang jump on Hong Kong debut, Bohai Bank slips

China Bohai Bank

16/07/2020 07:30

** Jiaxing Gas Group Co Ltd  9908.HK  rises as high as
HK$14.92 on Hong Kong debut, up 49.2% from the IPO price of
HK$10/share
    ** Stock last up 17% at HK$11.70; the Hang Seng China
enterprises index  .HSCE  slips 1.4%, while the benchmark index
 .HSI  drops 1.5% 
    ** Zhejiang-based Jiaxing Gas sold 33.34 mln shares at
HK$10/share in its IPO, raising HK$333.4 mln ($43 mln)
 urn:newsml:reuters.com:*:nFWN2E61G1
    ** Co will use the proceeds to expand its natural gas sales
business, upgrade pipeline network and facilities
    ** Chinese broiler producer Shandong Fengxiang Co Ltd
 9977.HK  climbs as high as HK$3.59 on Hong Kong debut, up 7.8%
from the IPO price of HK$3.33/share
    ** Co offered 355 mln shares in its IPO, raising HK$1.18 bln
to expand breeding and broiler production capacity, repay debt,
and develop sales channels for processed chicken meat products
 urn:newsml:reuters.com:*:nL4N2EF0XX
    ** China Bohai Bank Co Ltd  9668.HK  slips to a low of
HK$4.74 on debut, down 1.3% from the IPO price of HK$4.80/share 
    ** Tianjin-based banking group offered 2.88 bln shares in
IPO, raising $1.78 bln to strengthen capital base  urn:newsml:reuters.com:*:nL4N2EH23V
    ** The Hang Seng Finance Index  .HSNF  slides 0.7%
($1 = 7.7526 Hong Kong dollars)

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