Dajin Heavy Industry Ends Flat in Hong Kong Market Debut
The Chinese wind power equipment maker closed at its offer price of HK$66.40 after raising up to HK$6.64 billion in its global offering. Proceeds from the listing will fund deep-sea wind services and a new assembly operation in Europe.
Insights:
Dajin Heavy Industry shares closed flat at HK$66.40 following a HK$6.64 billion debut in Hong Kong on June 5. The Shenzhen-listed wind equipment maker tracked the benchmark Hang Seng Index, which fell 1.15% during the session. The listing provides capital for the China-based manufacturer to expand deep-sea services and European operations.
Dajin opened at HK$66.40 and dipped to HK$59.05 before recovering to its offer price by the afternoon. Trading volume reached 17.95 million shares worth HK$1.16 billion.
