Biotech firm Keymed, property manager Landsea shine in Hong Kong debut

Landsea Green Life Service

08/07/2021 05:20

** Shares of Keymed Biosciences Inc  2162.HK  trade as high
as HK$79.80 in their Hong Kong debut on Thursday, up 49.7% from
their offer price
    ** Stock of the Sichuan-based biotech firm was last up 32.1%
from the offer price of HK$53.3 apiece; It is the fifth most
actively traded stock by turnover 
    ** Autoimmune and oncology therapies focused Keymed sold
58.3 mln shares in Hong Kong IPO, raising HK$3.11 bln ($400.4
mln) for R&D, commercialisation of products, pre-clinical
evaluation, among other things  urn:newsml:reuters.com:*:nFWN2O60OG
    ** Smaller newcomer Landsea Green Life Service Co Ltd
 1965.HK  trade as high as HK$7.4 in debut, up 132.7% from the
offer price of HK$3.18 apiece 
    ** The Jiangsu-based property management services firm
offered 100 mln shares in IPO, raising HK$318 mln for
acquisitions, upgrading digitalised smart systems and expanding
agency services  urn:newsml:reuters.com:*:nFWN2O60PZ 
    ** The Hong Kong Hang Seng Commerce & Industry index  .HSNC 
drops 2.7% and the Hang Seng sub-index tracking property firms
 .HSNP  slips 0.5%
    ** The Hang Seng China Enterprises index  .HSCE  falls 2.4%,
and the benchmark index  .HSI  slips 2%
    


($1 = 7.7677 Hong Kong dollars)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))