China's Jinxin Fertility soars in Hong Kong debut

Jinxin Fertility

25/06/2019 07:32

** Shares of China's Jinxin Fertility Group Ltd  1951.HK 
jump 25% on the first day of trading in Hong Kong
    ** Stock climbs as high as HK$10.68 after opening at HK$9.9,
IPO price HK$8.54
     ** Stock last up 10.8% at HK$9.46, 3rd most actively traded
     ** Sichuan-based assisted reproductive services provider
issued 357.12 mln shares in Hong Kong IPO, raising net proceeds
of HK$2.81 bln ($359.95 mln) (https://bit.ly/2LgrTmE)
     ** Co to use funds to expand and upgrade existing assisted
reproductive medical facilities in its network in China
    ** Co says proceeds will also be used to fund acquisition of
additional assisted reproductive medical facilities, and for
research and development  urn:newsml:reuters.com:*:nFWN23S0NK
    ** The Hang Seng China enterprises index  .HSCE  falls 2.1%
and the benchmark index  .HSI  drops 1.3%
($1 = 7.8067 Hong Kong dollars)

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