China's Lemo Services shines in Hong Kong debut; Anhui Jinyan Kaolin follows

Lemo Services

03/12/2025 02:39

** Shares of China-based mechanical massage services provider Lemo Services 2539.HK trade as high as HK$78.65 in Hong Kong debut, up 96.6% from the offer price, outpacing a 0.6% fall in benchmark Hang Seng Index .HSI

** Stock still up 88.8% from offer price of HK$40 apiece, with 1.46 million shares worth HK$90.93 million ($11.68 million) changing hands

** Lemo offered 5.56 million shares in global offering, raising HK$222.4 million ($28.57 million) for expanding coverage and penetration of point-of-sales network, among others

** Subscription level of the Hong Kong public offer portion is 7,324.29 times and international portion is 6.78 times

** Shares of newcomer Anhui Jinyan Kaolin New Materials 2693.HK rise to HK$9.8 each in Hong Kong debut, up 34.2% from the offer price of HK$7.30

** The calcined kaolin products producer sold 24.3 million shares in global offering, raising HK$177.4 million to fund deep processing project of mullite-based aluminosilicate materials

** Anhui Jinyan Kaolin says subscription level of the public offer is 4,860 times, international offer is 2.01 times

($1 = 7.7839 Hong Kong dollars)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))