SHANGHAI/SINGAPORE :Some shares among the first batch of stocks to list under China's registration-based initial public offering (IPO) system more than tripled in their debut on Monday despite tepidness in the broader market. The listing of the 10 companies on the main boards in Shanghai and Shenzhen marks th
SHANGHAI/SINGAPORE :Some shares among the first batch of stocks to list under China's registration-based initial public offering system more than tripled in their debut on Monday despite tepidness in the broader market.
Shenzhen CECport Technologies Co, an electronic components distributor based in the southern technology hub of Shenzhen, opened up 161 per cent on Monday, and surged by as much as 239 per cent, after it raised 2.25 billion yuan . Dencare Chongqing Oral Care Co, an oral products maker, opened up 98 per cent and soared by as much as 214 per cent. The other eight companies, including Shaanxi Energy Investment Co and Both Engineering Technology Co, rose by between 50 per cent and 120 per cent.
Dencare's price-to-earnings ratio for the IPO was 36.8, versus a wider industry valuation of 51.6 in 2021, its prospectus said."Afterwards, investors will focus more on companies' growth potential and fundamentals," Chen said.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China's first batch of bluechips under new IPO system surge in debutSHANGHAI : The first batch of blue-chip stocks to list under China's registration-based initial public offering (IPO) system surged in their Monday debut despite tepidness in the broader market. The listing of the 10 companies on the main boards in Shanghai and Shenzhen marks the full roll-out of China's
Read more »
Philippines ships first batch of 28 tonnes of durian to China under new trade dealA trade deal is expected to generate some $199 million worth of export revenue for the Philippines. Read more at straitstimes.com.
Read more »
Taiwan faces choice of 'peace and war', ex-president says after China tripTaoyuan, Taiwan - Tension with China has escalated under Taiwan's government and the island will in future have to choose between 'peace and war', former Taiwan President Ma Ying-jeou said on Friday (April 7) at the end of a landmark visit to China. Ma is the first former Taiwanese president to ever visit China. Since the defeated Republic of China...
Read more »
Malaysia says it will protect its rights in South China SeaKUALA LUMPUR - Malaysia said on Saturday (April 8) it was firmly committed to protecting its sovereign rights and interests in the South China Sea after China expressed concern about Malaysian energy projects in a part of the sea that China also claims. Malaysian Prime Minister Anwar Ibrahim said on Tuesday China was worried about activity by the state energy...
Read more »
Malaysia says it will protect its rights in South China SeaKUALA LUMPUR: Malaysia said on Saturday (Apr 8) it was firmly committed to protecting its sovereign rights and interests in the South China Sea after China expressed concern about Malaysian energ
Read more »
How Chinese netizens are bypassing China’s ChatGPT banA number of proxy services are being offered online, all claiming to be Chinese version of the AI chatbot. Read more at straitstimes.com.
Read more »