China property management firm Jinke Smart Services shines in Hong Kong debut

Sunkwan Properties

17/11/2020 03:22

** Shares of Chinese property management firm Jinke Smart
Services Group  9666.HK  rise as high as HK$48 on trading debut,
up 7.4% from the IPO price
    ** Chongqing-based unit of Jinke Property Group Co Ltd
 000656.SZ  offered 132.9 mln shares at HK$44.70 apiece in its
Hong Kong IPO, raising HK$5.94 bln ($766.1 mln)  urn:newsml:reuters.com:*:nFWN2I00EC 
    ** Co to use funds for acquisitions, development of
value-added services and systems upgrade
    ** Jinke Smart among the top actively traded shares by
turnover in morning trade 
    ** Shenzhen-listed shares of Jinke Property rise 4.8%, set
for their best day since Aug. 10
    ** Sunkwan Properties Group Ltd  6900.HK , another debutant,
slides 3.2% from the IPO price to HK$2.21
    ** Shanghai-based property developer offered 500 mln shares
at HK$2.28 apiece in its Hong Kong IPO, raising HK$1.14 bln
($147.04 mln) urn:newsml:reuters.com:*:nFWN2I009U
    ** The Hong Kong Hang Seng sub-index tracking property firms
 .HSNP  rises 1.7%, while the Hang Seng China enterprises index
 .HSCE  eases 0.2% 
    ** The benchmark Hang Seng Index  .HIS  gains 0.2%
    ($1 = 7.7532 Hong Kong dollars)

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