China's Netjoy shines in HK debut, Sino-Ocean Service slips

Sino-Ocean Service Holding

17/12/2020 03:21

** Shares of Chinese online advertising services provider
Netjoy Holdings Ltd  2131.HK  trade as high as HK$9.68 per share
in Hong Kong debut, up 38.7% from their IPO price
    ** Stock last up 7.7% from IPO price of HK$6.98 apiece; the
second most actively traded shares by turnover in early trade 
    ** Shanghai-based online marketing solutions provider sold
200 mln shares in Hong Kong IPO, raising HK$1.396 bln ($180.1
mln) to fund acquisitions, to expand footprints and to improve
information technology infrastructure  urn:newsml:reuters.com:*:nFWN2IK0U6
    ** However, another debutant Sino-Ocean Service Holding Ltd
 6677.HK  falls as much as 5.8% from its IPO price to HK$5.54
per share on the first day of trade
    ** Property management arm of Chinese property developer
Sino-Ocean Group Holdings  3377.HK  sold 296 mln shares at
HK5.88 each, raising HK$1.74 bln ($224.5 mln) for acquisitions
and to enhance information technology infrastructure
 urn:newsml:reuters.com:*:nFWN2IV149
    ** The Hong Kong Hang Seng sub-index tracking information
technology firms  .HSCIIT  climbs 1.1%, while the Hang Seng
sub-index tracking property firms  .HSNP  slides 0.8%
    ** The Hang Seng China enterprises index  .HSCE  climbs
0.2%, and the benchmark index  .HSI  gains 0.1%

    ($1 = 7.7523 Hong Kong dollars)

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