Macau engineering contractor soars in Hong Kong debut

Macau E&M Holding

11/09/2020 04:06

** Shares of Macau E&M Holding Ltd  1408.HK  hit a session
high of HK$3.40 in its Hong Kong debut on Friday, up 240% from
its IPO price of HK$1 apiece
    ** Stock last traded HK$3.02, which is still 202% higher
than its IPO price; outperforms the benchmark index's  .HSI  
0.5% gain 
    ** Macau's electronic and mechanical engineering services
works contractor offered 125 mln shares in its IPO, to raise
proceeds for expanding its scale of business operations,
workforce and to buy construction machineries  urn:newsml:reuters.com:*:nFWN2G60R8
    ** The Hang Seng China enterprises index  .HSCE  climbs 0.4%

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