China's Million Cities rises on Hong Kong debut

Million Cities Holdings

20/12/2018 04:27

** Shares of property developer Million Cities Holdings Ltd
 2892.HK  rise as much as 6.7 pct above issue price on their
Hong Kong trading debut
    ** Stock later trims some gains to trade at HK$1.26, still 5
pct higher, compared with the IPO price of HK$1.20 per share
    ** The Guangdong's Huizhou-focused developer offered http://www3.hkexnews.hk/listedco/listconews/SEHK/2018/1219/02892_3578748/E102.PDF
 187.5 mln shares in IPO, raising capital to fund development
projects, land acquisition, and to repay loan
    ** The Hong Kong Hang Seng sub-index tracking property firms
 .HSNP  dips 1.3 pct
    ** The Hong Kong benchmark index  .HSI  falls 1.1 pct amid
U.S. Federal Reserve interest rates hike

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