Chinese fruit snacks producer Liuliumei shines in Hong Kong debut
BUZZ-Chinese fruit snacks producer Liuliumei shines in Hong Kong debut ** Shares of Liuliumei 6658.HK rise as much as 184.5% from offer price to HK$124 each in Hong Kong debut, outpacing a 0.4% gain in the benchmark Hang Seng Index .HSI
** Stock last at HK$122 in mid-morning trade, still up 179.4% from the offer price of HK$43.58 apiece, with 3.46 mln shares worth HK$344.2 mln ($43.93 mln) changing hands
** China-based fruit snacks producer and distributor sold 11.46 mln shares in global offering, raising HK$499.4 mln ($63.74 mln) to expand production capacity and sales network, and explore international market, among others
** Hong Kong public offering portion is 6,586.73 times subscribed, international offering is 2.64 times subscribed
($1 = 7.8350 Hong Kong dollars)
(Reporting by Donny Kwok)