Casting maker Impro Precision rises on HK debut, outpaces main index

Grown Up Investment Holdings

28/06/2019 06:16

** Shares of Impro Precision Industries Ltd  1286.HK  trade
as high as HK$3.38 apiece on the first day of trading in Hong
Kong, up 12.7% pct from their IPO price
    ** The stock bucks a 0.6% slide in the broader market  .HSI 
    ** Manufacturer of high-precision casting and machined
components issued 333.3 mln shares in IPO, raising about HK$1
bln ($128.1 mln) to expand production capacity, to repay banks
borrowings, and to fund acquisitions https://bit.ly/2JdnP3T
 
    ** Another newcomer Shinelong Automotive Lightweight
Application Ltd  1930.HK  surges as much as 61.4% from its IPO
price to HK$1.42 on debut  
    ** China-based moulds maker Shinelong offered 165 mln shares
at HK$0.88 each, raising HK$145.2 mln ($18.6 mln) to fund
leasing, setting up of new factory etc https://bit.ly/2X6Mkon
 
    ** The Hang Seng China enterprises index  .HSCE  eases 0.4%
by lunch break
    ** Stock of luggage maker Grown Up Group  1842.HK  rises 34%
from their IPO price on first day of trade, while construction
firm Silver Tide Holdings  1943.HK  falls 18%
    ** Shares of travel service provider Tu Yi Holding Co Ltd
 1701.HK  falls 40.4% on debut, while package tours service firm
Feiyang International Holdings  1901.HK  drops 14.3%
 ($1 = 7.8093 Hong Kong dollars)

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