Hong Kong-listed CR Construction, Johnson Holdings soar on trading debut

Hong Kong Johnson Holdings

16/10/2019 07:21

** Shares of building construction firm CR Construction
Group Holdings Ltd  1582.HK  rise as much as HK$2.78 each on
company's trading debut, nearly triple their IPO price of HK$1
apiece 
    ** Stock trims gains to HK$1.49, but still up 49% from the
issue price 
    ** CR Construction has offered 138.85 mln shares in Hong
Kong IPO, raising capital to fund building construction works,
strengthening manpower and enhancing information technology  https://bit.ly/2IWngfD
    ** Other debutant Hong Kong Johnson Holdings Co  1955.HK ,
which offered 125 mln shares in IPO, jumps up to HK$2.16 each,
more than double from their IPO price of HK$1 apiece
    ** The cleaning service provider's stock trims gains to
HK$1.77 in afternoon trade, up 77% from their IPO price 
    ** Both stocks outpace a 0.4% gain in the Hong Kong
benchmark Hang Seng Index  .HSI 


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