China's Aoyuan Healthy Life soars on HK debut

Yun Lee Marine group

18/03/2019 05:58

** Shares of property management services provider Aoyuan
Healthy Life Group Co Ltd  3662.HK  surge as much as 22.7 pct
above the issue price on their first day of trading, riding on a
strong note of the broader market
    ** Stock rises as high as HK$4.49, compared with the IPO
price of HK$3.66 apiece
    ** The company, a spinoff of property developer China Aoyuan
Group  3883.HK , offered 175 mln shares for sale in IPO, raising
HK$640.5 mln ($81.60 mln) to fund acquisition, investment in
property management service providers and to upgrade IT system 
https://bit.ly/2TNsn9l
    ** Stock of China Aoyuan Group, which posts a 63 pct growth
in 2018 core net profit and a 62 pct jump in revenue, rises 2.7
pct to an all-time high at HK$8.25 https://bit.ly/2Fjbn1Y
    ** The Hong Kong Hang Seng sub-index tracking property firms
 .HSNP  rises 1.6 pct, and the Hang Seng China enterprises index
 .HSCE  climbs 0.8 pct
    ** Another newcomer Yun Lee Marine Group  2682.HK , a vessel
chartering services provider, trades at HK$0.30 on debut, below
the IPO price to HK$0.50 apiece  https://bit.ly/2Of71Mg

    ($1 = 7.8495 Hong Kong dollars)

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