Xiamen Jihong shines in Hong Kong debut, PegBio slips

Pegbio

27/05/2025 05:16

** Shares of Xiamen Jihong Co Ltd 2603.HK trade as high as HK$12.46 each in Hong Kong debut, up 62.2% from the offer price

** Stock last up 47.7% from the offer price of HK$7.68, outpacing a 0.3% slip in Hang Seng Index .HSI

** The Chinese cross-border social e-commerce operator and paper packaging service provider sold 67.91 mln H-shares in global offering, raising HK$522 mln ($66.60 mln) for overseas market expansion, technology and brands development

** Jihong's Shenzhen-listed stock 002803.SZ slips 2.8%

** Meanwhile, another new comer PegBio 2565.HK falls as much as 28% on debut from the offer price of HK$15.6, before trimming some losses to trade 19.6% lower

** The Chinese innovative therapies developer sold 19.28 mln H shares in global offering, raising HK$300 mln

($1 = 7.8378 Hong Kong dollars)

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))