Cloud service provider Weimob jumps on HK debut, Chengdu Expressway slides

China Tianrui Automotive Interiors

15/01/2019 04:38

** Shares of cloud-based commerce and marketing solutions
provider Weimob Inc  2013.HK  hit HK$3.42 on their first day of
trading, up 22.1 pct from IPO price 
    ** Weimob offered 301.7 mln shares at HK$2.80 apiece in IPO,
raising HK$844.8 mln ($107.7 mln) to fund strategic cooperation,
investments and acquisitions, to enhance research and
development and to improve sales and marketing capabilities
    ** Weimob provides cloud-based commerce and marketing
services on Tencent's social networking service platforms.
Tencent  0700.HK  has a 3.43 pct stake in Weimob  urn:newsml:reuters.com:*:nL3N1ZA2XS
    ** The Hong Kong Hang Seng sub-index tracking information
technology firms  .HSCIIT  rises up to 1.8 pct
    ** Among the newcomers, Chengdu Expressway Co Ltd  1785.HK 
trades at HK$2.18 per share on its trading debut, down from
their IPO price of HK$2.20 apiece
    ** The expressway operator offered 400 mln H-shares at
HK$2.20 apiece in IPO, raising HK$880 mln to fund acquisition
and investment in other expressways
    ** Automotive decorative parts maker China Tianrui
Automotive Interiors  6162.HK , which raised HK$125 mln in IPO,
is trading flat on debut     
    ** The Hong Kong benchmark index  .HSI  rises up to 1.7 pct
    ($1 = 7.8424 Hong Kong dollars)

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