Real estate management co Poly Property jumps on HK debut

Times Neighborhood Holdings

19/12/2019 03:24

** Hong Kong shares of real estate management service
provider Poly Property Development Co Ltd  6049.HK  rise as high
as to HK$43.80 per share on trading debut, up 24.8% from their
IPO price of HK$35.10 apiece 
    ** Poly Property, a unit of Poly Developments and Holdings
Group Co Ltd  600048.SS , tops the most actively traded shares
in mid morning trade 
    ** Guangdong-based firm offered 133.33 mln shares in Hong
Kong IPO, raising HK$4.68 bln ($598.1 mln) to fund acquisition,
develop strategic alliances, expand property management business
scale, and to upgrade smart management systems
    ** Another new comer Times Neighborhood Holdings Ltd
 9928.HK  trade as low as at HK$4.80 per share on first day of
trading, down 6.8% from their IPO price of HK$5.15 each
    ** Property cleaning and gardening servicing unit of Times
China Holdings Ltd  1233.HK  offered 161.82 mln shares in Hong
Kong IPO, raising HK$833 mln to finance strategic investment and
acquisition and to build intelligent communities
    ** The Hang Seng China enterprises index  .HSCE  eases 0.8%,
and the benchmark index  .HSI  slides 0.7%
    
    ($1 = 7.8249 Hong Kong dollars)

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