Shandong Gold Mining unchanged on HK trading debut, TradeGo plunges

TradeGo FinTech

28/09/2018 07:16

** Hong Kong-listed shares of Shandong Gold Mining Co Ltd
 1787.HK  were unchanged on their market debut, while shares of
another smaller newcomer TradeGo FinTech Ltd  8017.HK  dive amid
weak appetite for new listings
    ** Shandong Gold Mining issued 327.73 mln H shares at
HK$14.70 apiece, raising HK$4.6 bln ($587.9 mln) in net proceeds
to repay loans https://bit.ly/2Qax72y
 
    ** In Shanghai, Shandong Gold Mining  600547.SS  stock eases
0.4 pct
    ** Shares of TradeGo FinTech dives to as low as HK$0.465 on
debut. The shares later trim loss to HK$0.51, still down 20.3
pct from the HK$0.64 IPO price
    ** The securities trading platform service provider issued
125 mln shares in float raising HK$47.1 mln, to develop product
and to enhance R&D capabilities https://bit.ly/2IrEmAN
    ** Traders say appetite for new listings dampens further as
more firms launch their IPOs on Friday
    ** Among the IPOs, Midea Real Estate Holding  3990.HK  plans
to raise up to HK$3.87 bln ($494.6 mln) in float, and DaFa
Properties  6111.HK  aims to raise up to HK$996 mln
    ** Construction contractor Shing Chi Holdings  1741.HK , 
tiles supplier MOS House Group  1653.HK , metal engineering firm
Hang Yick Holdings  1894.HK , and maritime services provider Yun
Lee Marine  2682.HK  also kick start their IPOs on Friday     
    ** The Hong Kong benchmark index  .HSI  rises 0.5 pct
 ($1 = 7.8249 Hong Kong dollars)

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