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7618 JINGDONG Industrials News Story

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JINGDONG Industrials set to open down 7.8% in Hong Kong trading debut

HONG KONG, Dec 11 (Reuters) - Shares of JINGDONG Industrials Inc 7618.HK, a unit of Chinese online retailer JD.com 9618.HK, are set to open down 7.8% in their Hong Kong Stock Exchange debut on Thursday, after the company raised HK$2.98 billion ($383.08 million) in a listing.

Shares of the industrial supply chain technology and services provider are set to open at HK$13 each, as compared to the listing offer price of HK$14.10 apiece. That lagged a 0.7% rise in the benchmark Hang Seng Index .HIS.

 ($1 = 7.7791 Hong Kong dollars)

 (Reporting by Hong Kong newsroom; Editing by Himani Sarkar)

 ((donny.kwok@thomsonreuters.com; +852 3462 7745;))

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