Chinese mobile app developer Newborn Town soars on HK debut

Taizhou Water

31/12/2019 02:46

** Shares of Chinese mobile app developer and mobile
advertising platform services provider Newborn Town Inc
 9911.HK  soar to as high as HK$3.87 each on trading debut, up
130.4% from their IPO price of HK$1.68 apiece
    ** Stock ranks the third most actively traded shares in mid-
morning trade 
    ** Beijing-based co offered 136 mln shares in Hong Kong IPO,
raising HK$228.5 mln ($29.4 mln) to expand and upgrade its
products and advertising platform https://bit.ly/354ltNS   
    ** The Hong Kong Hang Seng sub-index tracking information
technology firms  .HSCIIT  falls 1.3%
    ** Another new comer Taizhou Water Group Co Ltd  1542.HK 
trade as low as at HK$3.90 each on first day of trading, down
7.6% from their IPO price of HK$4.22 per share 
    ** The water supply service provider in China's eastern
coastal Zhejiang province offered 50 mln shares in Hong Kong
IPO, raising HK$211 mln to fund construction of water supply
system and for working capital https://bit.ly/36mmUZD
 
    ** The Hang Seng China enterprises index  .HSCE  slides
0.5%, and the benchmark index  .HSI  eases 0.5%


($1 = 7.7862 Hong Kong dollars)

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