HK's apparel maker Sterling, tile retailer MOS rise on trading debut

Sterling group

19/10/2018 07:59

** Shares of apparel products maker Sterling Group Holdings
Ltd  1825.HK  trade at HK$0.43 per share, 7.5 pct above the IPO
price on their debut, riding on the broader market's firmer tone
  
    ** Sterling offered 228 mln shares at HK$0.40 apiece in the
IPO, raising capital to expand production facilities in Sri
Lanka and China, to repay bank borrowings and to upgrade
information technology systems (https://bit.ly/2J7IpCu)   
    ** Stock of tile supplier and retailer MOS House Group Ltd 
 1653.HK  rise as high as HK$0.325 per share, 71 pct above their
IPO price, on the first day of trade 
    ** MOS offered 500 mln shares at HK$0.19 each in the IPO,
raising capital to expand its retail network in Hong Kong,
obtain distribution rights of European tile brands and to fund
acquisitions (https://bit.ly/2EvTzSJ)
    ** The Hong Kong benchmark index  .HSI  rises 0.9 pct  

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