Fabrics designer Yadong, property developer Shinsun climb in Hong Kong debut

Shinsun Holdings Co

18/11/2020 04:23

** Shares of fabrics products designer Yadong Group Holdings
Ltd  1795.HK  rise as high as HK$0.93 in Hong Kong trading
debut, up 10.7% from the IPO price of HK$0.84/share    
    ** Stock moves in HK$0.71-HK$0.93 range; last up 3.6%
    ** China-based Yadong offered 150 mln shares in its IPO,
raising HK$126 mln ($16.3 mln) to expand production capacity and
to fund acquisitions in Jiangsu province  urn:newsml:reuters.com:*:nFWN2I21L0
    ** Shinsun Holdings Group Co Ltd  2599.HK , another
debutant, inches up to HK$5.60 from the IPO price of HK$5.59
apiece
    ** Shanghai-based real estate developer offered 600 mln
shares in Hong Kong IPO, raising HK$3.35 bln ($432.12 mln) to
fund property projects, repay loans and for working capital
 urn:newsml:reuters.com:*:nFWN2I21IP
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
edges up 0.3%, and the Hong Kong Hang Seng sub-index tracking
property firms  .HSNP  gains 0.8%
    ** The Hang Seng China enterprises index  .HSCE  rises 0.9%,
and the benchmark index  .HSI  climbs 0.6%
($1 = 7.7525 Hong Kong dollars)

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