Property management group Sunac Services rises in Hong Kong debut

Sunac Services Holdings

19/11/2020 03:39

** Shares of China's property management services group
Sunac Services Holdings Ltd  1516.HK  trade as high as HK$12.92
each in Hong Kong debut, up 11.4% from the IPO price 
    ** Stock last up 7.4% from the IPO price of HK$11.60 apiece
    ** Management services spin-off of property developer Sunac
China Holdings Ltd  1918.HK  offered 690 mln shares in IPO,
raising HK$8 bln ($1.03 bln) to fund acquisitions, upgrade smart
management services systems and for working capital  urn:newsml:reuters.com:*:nFWN2I30GD
    ** Shares of property developer Sunac China slides 3.7% to
HK$30.85, the lowest since Nov. 5
    ** The Hong Kong Hang Seng sub-index tracking property firms
 .HSNP  eases 0.8%
    ** The Hang Seng China enterprises index  .HSCE  falls 0.9%,
and the benchmark index  .HSI  declines 0.7%

($1 = 7.7523 Hong Kong dollars)

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