China's Ming Yuan Cloud shines in Hong Kong debut

Ming Yuan Cloud group

25/09/2020 02:56

** Shares of Chinese property software services provider
Ming Yuan Cloud Group Holdings Ltd  0909.HK  trade as high as at
HK$26.15 in Hong Kong debut, up 58.5% from the IPO price of
HK$16.50 apiece
    ** Stock last traded HK$25.2 each, up 52.7% from the IPO
price and is the most actively traded share by turnover in early
trade 
    ** Guangdong-based software firm sold 374 million primary
shares in the IPO, raising HK$6.17 billion ($796.15 million) to
help from upgrading technologies to funding sales and strategic
investments and acquisitions
    ** The Hong Kong Hang Seng sub-index tracking information
technology firms  .HSCIIT  climbs 0.4%, and the Hang Seng Tech
Index  .HSTECH  edges up 0.2%
    ** Both the Hang Seng China enterprises index  .HSCE  and
the benchmark index  .HSI  gain 0.5%

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