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Hong Kong stocks closed (10.09) | Hang Seng Index fell by 1.38%, brokerages, infrastructure, shipping stocks continued to decline. Meituan-W (03690) rose against the trend.
The State Council Information Office will hold a press conference on Saturday at noon to introduce the relevant situation of "increasing the intensity of fiscal policy countercyclical adjustment and promoting high-quality economic development". The three major Hong Kong stock indexes rebounded in the afternoon, with all of them falling more than 3% in the early session, but then falling back again in the late session.
The new stock Rongli Construction (09639.HK) closed at 0.61 yuan in half a day, 16.4% lower than the listing price.
On the first day of listing of Wing Lee Construction (09639.HK), it opened at 0.5 yuan, lower than the listing price of 0.73 yuan, a decrease of 31.5%. The highest/lowest were at 0.68/0.5 yuan respectively, closed at 0.61 yuan at midday, lower by 16.4% compared to the listing price of 0.73 yuan. Half-day trading volume reached 0.148 billion shares, involving a total of 81.0306 million yuan.
Wing Lee Development Construction Slides Almost 32% in Hong Kong Debut
New shares on the first day | Wing Lee Construction (09639) debuted on the market with an opening drop of 31.51% in the morning.
Rongli Construction (09639) made its debut on the market, with announcement indicating a price of HK$0.73 per share, issuing a total of 0.25 billion shares at 5000 shares per lot, bringing in a net amount of approximately HK$0.1497 billion. As of the time of this report, it has dropped by 31.51%, trading at HK$0.5, with a turnover of HK$38.7323 million.
New stock first day | Rongli Construction opened low on the first day, with a transaction volume exceeding 38 million Hong Kong dollars.
According to previous reports, in the grey market trading of Futu on the previous trading day, Rongli Construction opened at a low in the grey market, fell by 24.66%, closing at 0.55 Hong Kong dollars, with a turnover of 12.1362 million Hong Kong dollars, and a total market value of 0.55 billion Hong Kong dollars; 5,000 shares per lot, without considering fees, losing 900 Hong Kong dollars per lot.
Rongli Construction (09639) priced the public offering at an offer-to-cover ratio of 120.6 times.
Rongli Construction (09639) announced the distribution results, with the company issuing 0.25 billion shares globally, of which 50% are publicly offered...
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