China's Medcaptain Medical falls in Hong Kong debut
BUZZ-China's Medcaptain Medical falls in Hong Kong debut ** Shares of Medcaptain Medical Technology 2041.HK fall 35.3% from the offer price to HK$9.97 in Hong Kong debut, compared with a 1% drop in the benchmark Hang Seng Index .HSI
** Stock last traded at HK$10.09, still down 34.6% from the offer price of HK$15.42 apiece, with 8.6 million shares worth HK$95.4 million ($12.17 million) changing hands
** China-based medical device products provider sold 38.91 million H shares in global offering, raising HK$600 million ($76.54 million) for R&D, expanding production capacity, acquisition and upgrading IT infrastructure, among others
** Hong Kong public offering portion was 436.37 times subscribed, while international offering portion was 2.35 times subscribed
($1 = 7.8394 Hong Kong dollars)
(Reporting by Donny Kwok)