Alibaba-backed Huitongda Network jumps in Hong Kong debut

Clarity Medical Holding

18/02/2022 03:24

** Shares of China's retail commerce and service platform
Huitongda Network Co Ltd  9878.HK  trade as high as HK$45 in
Hong Kong debut on Friday, 4.7% above their global offering
price
    ** Stock last up 1.3% from the offer price of HK$43 each,
among the 30 most actively trade by turnover 
    ** The Alibaba-backed e-tailer serving China's rural areas
sold 51.61 mln shares in global offering, raising HK$2.22 bln
($284.6 mln) to expand customer base, optimize supply chain
capability, invest in IT infrastructure and for acquisitions
 urn:newsml:reuters.com:*:nL4N2U832R
    ** Alibaba Group's  9988.HK  Hong Kong shares slip 0.2%
    ** Another new comer Clarity Medical Group  1406.HK  falls
as much as 8.8% on first day of trading as compared to HK$1.60
apiece offering price 
    ** The Hong Kong-based ophthalmic healthcare services group
sold 136 mln shares in IPO, raising HK$217.60 mln for setting up
new medical centres in the city, and to fund acquisition in
mainland China (https://bit.ly/3JCyJxW)
    ** Hang Seng Tech Index  .HSTECH  and Hang Seng Composite
Index  .HSCI  both ease 0.5% 
    ** Hang Seng Commerce & Industry Index  .HSNC  and the
benchmark Hang Seng Index  .HSI  both slip 0.6%



($1 = 7.8006 Hong Kong dollars)

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