China's pig breeder Dekon Food climbs in Hong Kong debut

DEKON Food and Agriculture

06/12/2023 07:32

** Shares of China's Dekon Food and Agriculture Group
 2419.HK  trims day's gains to HK$37.55 in Hong Kong debut 
    ** Stock traded high as HK$37.85, up 2.4% from the initial
public offering (IPO) price
    ** Current share price still up 1.6% from the IPO price of
HK$36.95 each, tracking a firmer tone in the broader market
 .HSI 
    ** Chinese breeder of pigs and yellow-feathered broilers
sold 26.91 mln shares in Hong Kong IPO, raising HK$994.3 mln
($127.30 mln) to expand farming business, to develop food
processing business, to repay debt and for acquisition
    ** Hang Seng Composite Industry Index on consumer staples
 .HSCICS  slips 0.4%, while Hang Seng Index  .HSI  gains 0.7%


($1 = 7.8105 Hong Kong dollars)

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