S.F. Holding's express delivery unit falls in Hong Kong debut

Hangzhou Sf Intra-City Industrial Co

14/12/2021 04:43

** Shares of Hangzhou SF Intra-City Industrial Co Ltd
 9699.HK  trade as low as HK$14.56 in Hong Kong debut, down
11.3% from the offer price
    ** Stock last down 9.9% from the offer price of HK$16.42
apiece 
    ** The express delivery unit of Shenzhen-listed S.F. Holding
 002352.SZ  offered 131.18 mln H shares in global offering,
raising HK$2.15 bln ($275.56 mln) for R&D, expanding service
coverage, and acquisition  urn:newsml:reuters.com:*:nFWN2SW03J
    ** Shenzhen shares of parent S.F. Holding slip 2.5%, on
track for their worst day since Nov. 29
    ** The Hang Seng Commerce & Industry Index  .HSNC  falls
1.2% and the Hang Seng Composite Index tracking industrials
 .HSCIIG  drops 1.5%
    ** The Hang Seng China Enterprises Index  .HSCE  slips 1.4%
and the benchmark index  .HSI  eases 1.3%

($1 = 7.8023 Hong Kong dollars)

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