China's NASN Intelligent Tech soars in Hong Kong debut
BUZZ-China's NASN Intelligent Tech soars in Hong Kong debut ** Shares of NASN Intelligent Tech (Zhejiang) 2261.HK jump as much as 90% to HK$19.80 apiece in Hong Kong debut, outpacing a 0.2% gain in the benchmark Hang Seng Index .HSI
** Stock at HK$18.2 per share by lunch break, still up 74.7% from HK$10.42 apiece offer price, with 12.12 mln shares worth HK$207.62 mln ($26.47 mln) changing hands
** China-based intelligent driving solutions provider sold 57.59 mln shares in global offering, raising HK$600 mln for R&D, expanding product portfolio, upgrading production and manufacturing capabilities
** Hong Kong public offering portion is 2,513.54 times subscribed, while international offering portion is 2.12 times subscribed
** YTD, Hang Seng TECH Index .HSTECH down 12.3%
($1 = 7.8445 Hong Kong dollars)
(Reporting by Donny Kwok)