China diagnostic testing services group Yunkang falls in Hong Kong debut

Yunkang

18/05/2022 05:44

** Shares of Chinese diagnostic testing services provider
Yunkang Group Ltd  2325.HK  trade as low as HK$6.60 in their
Hong Kong debut, down 16.3% from the IPO price
    ** Stock last down 4.8% at HK$7.51 amid weakness in broader
market
    ** About 17.8 mln Yunkang shares have changed hands so far
    ** Guangdong-based co sold 138.2 mln shares at HK$7.89
apiece in Hong Kong IPO, raising HK$1.09 bln ($138.86 mln) to
expand medical institution alliance network, upgrade operational
capabilities and fund acquisitions  urn:newsml:reuters.com:*:nFWN2WW1RG
    ** The Hang Seng Commerce & Industry Index  .HSNC  falls
1.1%, and the healthcare index  .HSCIH  eases 1%
    ** The Hang Seng Composite Index  .HSCI  and the benchmark
Hang Seng Index  .HSI  both slip 0.6%

($1 = 7.8494 Hong Kong dollars)

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