China's cigarette wrapping paper maker WEIli climbs in HK debut, TI Cloud slips

WEIli Holdings

30/06/2022 07:39

** Shares of Chinese cigarette wrapping paper manufacturer
WEIli Holdings Ltd  2372.HK  trade as high as HK$0.72 in their
Hong Kong debut on Thursday, up 14.3% from offer price 
    ** The Hubei, China-based firm offered 200 mln shares at
HK$0.63 each in its share offering, raising HK$126 mln ($16.1
mln) for constructing a factory building, acquiring machines and
for building a research and development centre (https://bit.ly/3AjgmfV)
  
    ** Another newcomer TI Cloud Inc  2167.HK  slips in its
debut, down 0.1% from offering price to HK$12.84 
    ** The Beijing-based cloud-based native customer contact
solutions services provider offered 43.53 mln shares at HK$12.85
apiece in its global offering, raising HK$559.4 mln for
technology and solutions enhancement, talent recruitment and for
expanding its sales team  urn:newsml:reuters.com:*:nFWN2Y704E
    ** The Hang Seng commerce & industry index  .HSNC  eases
0.5% and the Hang Seng tech index  .HSTECH  falls 0.7%
    ** The Hang Seng composite index  .HSCI  slips 0.1% and the
benchmark Hang Seng index  .HSI  is down 0.2%
    


($1 = 7.8464 Hong Kong dollars)

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