Few investors cancel IPO subscriptions despite market slump

Business | 22 May 2020 7:19 pm

Despite a slump in the overall stock market, few investors have canceled their subscription to shares of Yeahka and Haina Intelligent Equipment International, which are scheduled to debut on June 1 and June 3, respectively.

Local brokers have lent around HK$31.5 billion to Yeahka, the mainland payment solution provider backed by Tencent (0700), a 191 times oversubscription for its retail tranche as of 6 pm.

Meanwhile, Haina Intelligent Equipment International's shares have been 93 times oversubscribed, receiving funds of HK$1.6 billion from brokers.

Shares of Kintor Pharmaceutical (9939) rose 6.7 percent to HK$21.50 on debut.

Search Archive

Advanced Search
June 2020
S M T W T F S

Today's Standard



Yearly Magazine

Yearly Magazine