Wanka Online, PM Packaging fall below issue price on HK debut

Wanka Online

21/12/2018 07:31

** Shares of China's mobile internet software technology
services provider Wanka Online Inc  1762.HK  fall 12.9 pct from
issue price on their first day of trading, bucking a 0.2 pct
gain in the broader market  .HSI 
    ** Wanka Online offered 76.39 mln shares at HK$3.56 apiece
in Hong Kong IPO, raising proceeds to invest in data analytics
technologies and related IT infrastructure, and to fund
acquisitions (https://bit.ly/2LrWTOC)  
    ** The Hong Kong Hang Seng sub-index tracking information
technology firms  .HSCIIT  climbs 2.9 pct
    ** Pacific Millennium Packaging Group Corp  1820.HK , also
making debut, falls 9.9 pct from its IPO price
    ** The corrugated packaging supplier offered 75.16 mln
shares at HK$3.98 each, raising proceeds to expand corrugated
box plants network in eastern and southern China, and to upgrade
production facilities (https://bit.ly/2EJx4JF)
    ** A flurry of initial public offerings (IPOs) in Hong Kong
propelled the financial centre to first place for IPO volumes
globally, but next year is unlikely to see as many big-ticket
listings  urn:newsml:reuters.com:*:nL8N1YM3DN

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