Newlink Technology, Zonbong Landscape climb in Hong Kong trading debut

Newlink Technology

06/01/2021 04:14

** Shares of Newlink Technology Inc  9600.HK  trade as high
as HK$4.52 in Hong Kong trading debut, up 3.7% from the IPO
price 
    ** Beijing-based IT services provider for the financial and
healthcare sectors in China sold 200 mln shares at HK$4.36
apiece in Hong Kong IPO, raising HK$872 mln ($112.5 mln) to
develop new services, and to enhance sales and marketing efforts
(https://bit.ly/393NgC1)
    ** The Hong Kong Hang Seng sub-index tracking information
technology firms  .HSCIIT  climbs 1.6%
    ** Another new comer Zonbong Landscape Environmental Ltd
 1855.HK  surges as much as 17% from the IPO price to HK$2.34
apiece on first day of trade in the city
    ** Stock last up 5% from the IPO price of HK$2 per share
    ** Jilin-based landscaping service provider offered 68.75
mln shares in Hong Kong IPO, raising HK$137.5 mln ($17.7 mln)
for construction project, setting up Beijing, Shanghai and
Chongqing offices, and to repay bank loan  urn:newsml:reuters.com:*:nFWN2J10TS
    ** The Hang Seng China enterprises index  .HSCE  slips 0.2%,
and the benchmark index  .HSI  slides 0.8%


($1 = 7.7527 Hong Kong dollars)

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