China's property manager SCE Intelligent rises in Hong Kong debut

China SCE group

02/07/2021 04:04

** Shares of property manager SCE Intelligent Commercial
Management Holdings Ltd  0606.HK  trade as high as HK$4.02 in
Hong Kong debut, up 8.6% from the IPO price of HK$3.70 
    ** The property management services unit of China SCE Group
Holdings Ltd  1966.HK  offered 500 mln shares in IPO, raising
HK$1.85 bln ($238.2 mln) 
    ** Co to use proceeds to acquire property management firms
and service providers and invest in technology to enhance
operational efficiency  urn:newsml:reuters.com:*:nFWN2O00NQ
    ** Shares of China SCE Group rise as much as 16% to HK$3.70,
the highest since June 9 
    ** The Hong Kong Hang Seng sub-index tracking property firms
 .HSNP  falls 1.1%
    ** The Hang Seng China Enterprises Index  .HSCE  declines 2%
and the benchmark index  .HSI  drops 1.6%


($1 = 7.7670 Hong Kong dollars)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))