China's online marketing group UJU Holding falls in Hong Kong debut

Uju Holding

08/11/2021 04:12

** Shares of Chinese online marketing services provider UJU
Holding  1948.HK  trade as low as HK$6.24 in their Hong Kong
debut 
    ** Stock down 1.2% from the offer price of HK$6.70 apiece
    ** China's one-stop cross-media online marketing solutions
group offered 120 mln shares in global offering, raising HK$804
mln ($103.3 mln) to upgrade platform, optimize internal
management system and enhance content production capabilities 
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    ** Chinese internet technology services provider Bytedance
and smartphones developer Xiaomi  1810.HK  have pledged a
respective $10 mln and $5 mln as cornerstone investors  
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    ** The Hang Seng sub-index, tracking information technology
firms  .HSCIIT , and the Hang Seng Tech Index  .HSTECH  both
down 1.4%
    ** The Hang Seng China Enterprises Index  .HSCE  slips 0.5%
while the benchmark index  .HSI  eases 0.6%

    ($1 = 7.7840 Hong Kong dollars)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))