Property manager China Resources shines in HK trading debut, Jiayuan firms

China Resources Mixc Lifestyle Services

09/12/2020 02:31

** Shares of China Resources Mixc Lifestyle Services Ltd
 1209.HK  trade as high as HK$32.90 in Hong Kong debut, up  
47.5% from the IPO price
    ** Most actively traded shares by turnover; outpacing a 1%
rise in the benchmark Hang Seng Index  .HSI 
    ** Property management arm of developer China Resources Land
Ltd  1109.HK  sold 550 mln shares at HK$22.30 apiece in IPO,
raising HK$12.27 bln ($1.58 bln) for investment in services
providers and to upgrade information technology systems
 urn:newsml:reuters.com:*:nFWN2IN15Z
    ** Hong Kong-listed parent China Resources Land slips 0.5%
    ** Another newcomer Jiayuan Services Holdings Ltd  1153.HK 
rises as much as 1.6% from the IPO price to HK$3.92 per share 
    ** The property services unit of real estate group Jiayuan
International Group Ltd  2768.HK  offered 150 mln shares at
HK$3.86 each in IPO, raising HK$579 mln ($74.7 mln) to fund
strategic investment and acquisitions  urn:newsml:reuters.com:*:nFWN2IN15Y
    ** Shares of Jiayuan International climb 1.3% 
    ** The Hong Kong Hang Seng sub-index tracking property firms
 .HSNP  gains 0.5%, and the China enterprises index  .HSCE 
rises 1.2%

    ($1 = 7.7513 Hong Kong dollars)

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