Chinese mobile games developer Homeland nearly doubles on HK debut

Homeland Interactive Technology

04/07/2019 07:53

** Shares of online card and board games developer Homeland
Interactive Technology Ltd  3798.HK  trade as high as at HK$2.64
per share on first day of trading on Thursday, up 95.6% from
their IPO price of HK$1.35 apiece
    ** The stock later trims gain to HK$2.07 in the afternoon,
still up 53.3% from the IPO price
    ** Fujian-based mobile games developer issued 314 million
shares in Hong Kong IPO, raising HK$424 million ($54.5 million)
to expand game portfolio, to promote its brand and to fund
acquisitions  urn:newsml:reuters.com:*:nL4N23P1AU (https://bit.ly/324FxiJ)
    ** The Hong Kong Hang Seng sub-index tracking information
technology firms  .HSCIIT  eases 0.1%
    ** The Hang Seng China enterprises index  .HSCE  slides 0.1%
and the benchmark index  .HSI  is down 0.2% 


($1 = 7.7837 Hong Kong dollars)

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