HK-listed Midea Real Estate falls on debut; Dafa, Tokyo Chuo rise

Shangshan Gold International Holdings

11/10/2018 03:40

** Shares of China property developer Midea Real Estate
Holding Ltd  3990.HK  fall as much as 5.9 pct from their IPO
price to HK$16 on the first day of trading
    ** The property arm of home appliance maker Midea Group
 000333.SZ  offered 180 mln shares at HK$17 apiece, raising
HK$2.92 bln ($372.60 mln) in net proceeds to fund land
acquisitions and for developing smart home solutions (https://bit.ly/2ytbN1d)
 
    ** The Hang Seng sub-index tracking property firms  .HSNP 
falls 2.8 pct
    ** Stock of China-based real estate firm Dafa Properties
Group Ltd  6111.HK  bucks the weak market sentiment to trade at
HK$4.26, 1.4 pct above its IPO price of HK$4.20 apiece
    ** Shares of artworks auctioneer Tokyo Chuo Auction Holdings
Ltd  1939.HK  also trade as high as HK$1.60 per share compared
with its IPO price of HK$1.50
    ** The Hong Kong benchmark index  .HSI  slumps 3.2 pct
    ($1 = 7.8368 Hong Kong dollars)

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