Shanghai Zhida Technology shines in Hong Kong debut

Shanghai Zhida Technology Development Co

10/10/2025 03:19

** Shares of Shanghai Zhida Technology Development 2650.HK trade as high as HK$194 in Hong Kong debut

** Stock up 189.9% from offer price of HK$66.92 apiece

** Stock trims gains to HK$191 each in early morning trade, still up 185.4% with 1.2 million shares worth HK$220.9 million ($28.39 million) changing hands

** The Chinese smart home electric vehicle (EV) chargers and accessories producer sold 5.98 million shares in global offering, raising HK$400 million ($51.41 million) for overseas expansion, upgrading production facilities and R&D, among others

** Says subscription level of its Hong Kong public offering portion is 5,440.80 times, while international offering portion is 2.37 times

** The Hang Seng Tech Index .HSTECH drops 2.2% and benchmark Hang Seng Index .HSI falls 1.3%

($1 = 7.7806 Hong Kong dollars)

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))