Chinese property manager Ling Yue shines in HK debut, e-commerce firm UNQ falls

UNQ Holdings

12/07/2021 04:29

** Shares of Chinese property manager Ling Yue Services
Group Ltd  2165.HK  rise as far as HK$5.50 in Hong Kong debut,
up 31.3% from the offer price of HK$4.19/share
    ** Sichuan-based co offered 70 mln shares in IPO, raising
HK$293.3 mln ($37.8 mln) for strategic acquisitions and
upgrading information system and equipment  urn:newsml:reuters.com:*:nFWN2OA0VY 
    ** However, UNQ Holding Ltd  2177.HK  falls to a low of
HK$9.90 in debut, down 16.5% from the offer price of
HK$11.86/share    
    ** Shares of the Shanghai-based e-commerce services provider
hit a high of HK$12.50 before losing steam
    ** UNQ, which focuses on Japanese-branded fast-moving
consumer goods, beauty and personal care products, sold 30.7 mln
shares in IPO, raising HK$364 mln ($46.9 mln) for investing in
social media marketing and advertising, and diversifying brand
portfolios  urn:newsml:reuters.com:*:nFWN2O9005
    ** The Hong Kong Hang Seng consumer goods and services index
 .HSCGSI  rises 1.1%, and the Hang Seng sub-index tracking
property firms  .HSNP  climbs 1%
    ** The Hang Seng China Enterprises Index  .HSCE  gains 0.6%,
and the benchmark index  .HSI  is up 0.5%
($1 = 7.7671 Hong Kong dollars)

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