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6656 — Sigenergy Technology News Story

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China's Sigenergy set to surge 79% in Hong Kong debut after $562 million IPO

SINGAPORE, April 16 (Reuters) - Shares of Sigenergy Technology 6656.HK, a Chinese energy storage systems maker, are set to open 79.2% higher in their Hong Kong market debut on Thursday after the firm raised HK$4.4 billion ($562 million) in its initial public offering.

The shares are expected to open at HK$581 per share versus a HK$324.20 listing price.

($1 = 7.8327 Hong Kong dollars)

 (Reporting by Donny Kwok in Hong Kong and Yantoultra Ngui in Singapore; Editing by Jacqueline Wong)

 ((Yantoultra.Ngui@thomsonreuters.com;))

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