Chinese chip product developer SENASIC shines in Hong Kong debut
BUZZ-Chinese chip product developer SENASIC shines in Hong Kong debut ** Shares of SENASIC Electronics Technology 6675.HK rise as much as 123.3% to HK$41 in their Hong Kong debut, bucking a 0.2% slip in benchmark Hang Seng Index .HSI
** Stock last up 118.5% from an offer price of HK$18.36 apiece, with 13.83 million shares worth HK$480.92 million ($61.40 million) changing hands
** The China-based developer of innovative sensor-chip products sold 53.41 million shares in global offering, raising HK$980.6 million ($125.19 million) for expanding business scale, R&D capabilities, sales network and acquisition, among others
** Hong Kong public offer portion is 5,144.97 times subscribed, international offer portion is 4.44 times subscribed
** YTD, Hang Seng TECH Index .HSTECH down 15.4%
($1 = 7.8328 Hong Kong dollars)
(Reporting by Donny Kwok)