Yuexiu Services falls in Hong Kong debut, smaller new comer Morimatsu shines

Morimatsu International Holdings

28/06/2021 08:55

** Shares of Yuexiu Services Group Ltd  6626.HK  trade as
low as at HK$4.70 each in Hong Kong trading debut on Monday,
down 3.7% from the IPO price
    ** The property management unit of Yuexiu Property  0123.HK 
offered 369.66 mln shares in Hong Kong IPO at HK$4.88 apiece,
raising HK$1.8 bln ($231.9 mln) to fund acquisitions, expand
business scale, and to develop IT system  urn:newsml:reuters.com:*:nFWN2NX18I
    ** Stock of Yuexiu Property fall 1.3%  
    ** Smaller new comer Morimatsu International Holdings Co Ltd
 2155.HK  trade as high as at HK$10.76 each on trading debut, up
333.9% from the IPO price 
    ** Stock last up 263.3% from the IPO price of HK$2.48 each;
the seventh most actively traded shares by turnover
    ** Shanghai-based pressure equipment manufacturer offered
250 mln shares in Hong Kong IPO, raising HK$620 mln ($79.9 mln)
to enhance production capacity and production capability 
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
gains 0.4%, while the Hong Kong Hang Seng sub-index tracking
property firms  .HSNP  slips 0.4%
    ** The Hang Seng China Enterprises Index  .HSCE  eases 0.3%,
and the benchmark index  .HSI  edges down 0.1%
 
    ($1 = 7.7618 Hong Kong dollars)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))