Chinese property manager New Hope inches up in Hong Kong debut

New Hope Service Holdings

25/05/2021 05:25

** Shares of Chinese property management co New Hope Service
Holdings Ltd  3658.HK  trade as high as HK$3.95 in Hong Kong
trading debut, up 3.9% from IPO price 
    ** Stock last up 0.5% from IPO price of HK$3.80 each
    ** Sichuan-based company offered 200 mln shares at HK$3.80
each in IPO, raising HK$760 mln ($97.90 mln) for acquisitions,
to upgrade information systems and equipment, and for working
capital  urn:newsml:reuters.com:*:nFWN2NA007
    ** The Hong Kong Hang Seng subindex tracking property firms
 .HSNP  climbs 0.4%
    ** The Hang Seng China enterprises index  .HSCE  gains 1%,
and the benchmark index  .HSI  rises 1.3%


($1 = 7.7632 Hong Kong dollars)

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