Chuangxin Industries jumps in Hong Kong debut

Chuangxin Industries Holdings

24/11/2025 03:21

** Shares of electrolytic aluminum and alumina producer Chuangxin Industries Holdings 2788.HK rise as much as 43.8% from the offer price to HK$15.8 each in Hong Kong debut on Monday, outpacing a 1.5% gain the broader market .HSI

** Stock trims gains to HK$15.05 in mid-morning trade, still up 36.9% from the offer price of HK$10.99 apiece, with 114.6 mln shares worth HK$1.65 bln ($212.02 mln) changing hands

** Stock is sixth most actively traded by turnover

** Chuangxin sold 500 mln shares in global offering, raising HK$5.5 bln ($706.72 mln) for expanding overseas production capacity, to fund green energy projects and for working capital

** Subscription level of the public offering portion is 447.2 times, international offering portion is 19.85 times

($1 = 7.7824 Hong Kong dollars)

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))