China Gas Industry surges in Hong Kong debut, furniture maker Huisen slips

China Gas Industry Investment Holdings

29/12/2020 04:37

** Shares of industrial gases supplier China Gas Industry
Investment Holdings Co Ltd  1940.HK  trade as high as HK$1.93
per share in Hong Kong debut, up 40.9% from their IPO price
    ** Stock last up 16.7% from the IPO price of HK$1.37 apiece
    ** Hebei-based gases supplier sold 300 mln shares in Hong
Kong IPO, raising HK$411 mln ($53 mln) to fund procurement and
relocation of its air separation units for producing pipeline
industrial gas, and for working capital  urn:newsml:reuters.com:*:nFWN2IV0WP
    ** However, another new comer Huisen Household International
Group Ltd  2127.HK  slips 6.8% from their IPO price to as low as
HK$1.65 each on first day of trade; among one of most actively
traded stocks by turnover 
    ** Jiangxi-based furniture maker and distributor offered 750
mln shares at HK$1.77 apiece in Hong Kong IPO, raising HK$1.33
bln ($171.5 mln) for establishing new factory, upgrading
production line and for working capital (https://bit.ly/2WUHYmC)
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
rises 2.1%
    ** The Hang Seng China enterprises index  .HSCE  climbs
1.5%, and the benchmark index  .HSI  gains 1.1%
($1 = 7.7535 Hong Kong dollars)

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