Chinese electrical appliances maker Fourace shines in Hong Kong debut

Fourace Industries group

15/09/2020 04:55

** Shares of personal care and lifestyle electrical
appliances maker Fourace Industries Group Holdings Ltd  1455.HK 
climb as much as HK$1.11 on trading debut on the Hong Kong Stock
Exchange
    ** Stock up 177.5% from the IPO price of HK$0.40 per share
    ** Guangdong-based co offered 312.5 mln shares in IPO,
raising HK$125 mln ($16.1 mln) to expand and upgrade production
facilities, and to enhance research and engineering capabilities
    ** The Hang Seng China enterprises index  .HSCE  climbs 0.5%
    ** The Hong Kong benchmark index  .HSI  gains 0.6%

    ($1 = 7.7500 Hong Kong dollars)

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