Chinese medicines distributor JBM surges in Hong Kong debut

Jbm (Healthcare)

05/02/2021 05:16

** Shares of Chinese medicines distributor JBM Healthcare
Ltd  2161.HK  trade as high as HK$3.20 each in Hong Kong debut
on Friday, up 166.7% from their IPO price
    ** Stock last up 105.8% from the IPO price of HK$1.20
apiece; among 30 most-actively traded by turnover in early
afternoon 
    ** Distribution unit of Jacobson Pharma Corp Ltd  2633.HK 
sold 44.7 mln shares in IPO, raising HK$53.6 mln ($6.9 mln) for
developing and expanding Chinese medicines portfolio and for
upfront payment of distribution rights  urn:newsml:reuters.com:*:nFWN2K0107
    ** Stock of its parent Jacobson Pharma rises 3.8%
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
gains 0.1%%
    ** The Hang Seng China enterprises index  .HSCE  edges up
0.1%, and the benchmark index  .HSI  climbs 0.6%


($1 = 7.7523 Hong Kong dollars)

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