Medical device maker Venus MedTech soars on Hong Kong debut

China Merchants Commercial Real Estate Investment Trust

10/12/2019 04:08

** Shares of medical device developer and maker Venus
MedTech (HangZhou) Inc  2500.HK  soar to HK$40.50 on trading
debut, up 22.7% from the IPO price of HK$33 
    ** Stock bucks a 0.1% slide in the benchmark index  .HSI  
    ** Stock tops the most actively traded shares in late
morning trade 
    ** Zhejiang-based medical device maker for heart valve
diseases raised HK$2.6 bln ($331 mln) from a Hong Kong IPO after
pricing the deal at the top of the indicative price range
 urn:newsml:reuters.com:*:nL4N28F0TC
    ** Company offered 78.54 mln shares in IPO, raising capital
to fund commercialization of its products and to finance
acquisitions 
    ** Another debutant China Merchants Commercial Real Estate
Investment Trust  1503.HK  fell to HK$3.07 per share, down 10.2%
from the IPO price of HK$3.42
    ** Chinese commercial properties investor offered 750 mln
shares in Hong Kong IPO, raising HK$2.6 bln to fund acquisitions
(https://bit.ly/2sfMwrz)  
    ** The Hang Seng China enterprises index  .HSCE  eases 0.1%


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