HK's building contractor Golden Ponder falls on trading debut

Envision Greenwise Holdings

22/08/2018 04:16

** Shares of building contractor Golden Ponder Holdings Ltd
 1783.HK  dive below their IPO price on their first day of
trade, falling as much as 15.8 pct to HK$0.475 and lagging a 0.4
pct gain in the broader market  .HSI 
    ** Co issued 200 million share at HK$0.55 apiece in IPO,
raising capital to fund a building project, expand workforce and
to repay bank borrowings [https://bit.ly/2MFdgKO
]
    ** Co priced its shares at the higher end of an indicative
range of HK$0.45 and HK$0.55   
    ** As of 0311 GMT, about 125.2 mln shares change hands

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