Biopharma firm HBM falls in Hong Kong debut, property firm Leading inches up

Leading Holdings

10/12/2020 02:29

** Shares of biopharma co HBM Holdings Ltd  2142.HK  fall as
much as HK$11.18 per share in Hong Kong debut, down 9.7% from
IPO price 
    ** Stock last down 5% at HK$11.76; seventh-most actively
traded shares by turnover in early trade 
    ** Co, which develops immunology and oncology
diseases-focused antibody therapeutics, sold 138.22 mln shares
at HK$12.38 apiece in Hong Kong IPO, raising HK$1.71 bln ($220.6
mln)  urn:newsml:reuters.com:*:nFWN2IO13K
    ** Meanwhile, residential property developer and hotel
operator Leading Holdings Group Ltd  6999.HK  gains 1.1% to
HK$5.75 per share on first day of trade
    ** Sichuan-based co offered 250 mln shares at HK$5.69 each
in Hong Kong IPO, raising HK$1.42 bln ($183.2 mln) (https://bit.ly/3oBIO3A)
    ** The Hang Seng China enterprises index  .HSCE  slides
0.8%, and the benchmark index  .HSI  slips 0.7% 
       
    ($1 = 7.7518 Hong Kong dollars)

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