Australia's Dragon Mining climbs in Hong Kong debut

DRAGON GOLD MINING

05/11/2018 05:11

** Shares of Australia-based Dragon Mining Ltd  1712.HK 
rise as much as 8.9 pct from their IPO price to HK$2.21 on their
first day of trade, bucking a slide in the broader market 
    ** The stock later trims gains to HK$2.12, still up 4.2 pct
from its IPO price of HK$2.03 apiece
    ** The gold mining and processing firm, with major assets
and operations in Finland and Sweden, offered 50 million shares
in its IPO, raising capital to fund mine development, capital
and operating expenditure (https://bit.ly/2PedUB1)
    ** The Hong Kong benchmark index  .HSI  drops 2.8 pct
    

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