New Stock | Fugle China once surged over 120%!

LB Select
2024.03.28 02:15

"Fujing China Holdings", the "Number One Stock of Potted Vegetables", officially debuted on the Hong Kong Stock Exchange today.

On the first day of trading, Fujing China surged over 120% at one point, but the gain has now narrowed to around 77%, trading at HKD 1.91.

Fujing is the largest potted vegetable agricultural producer in Shandong Province. This time, it plans to globally issue 100 million shares, with each lot consisting of 2000 shares, priced in the range of HKD 1.08 to HKD 1.28 per share.

The public offering portion accounts for 10% and was oversubscribed by over 293 times. After reallocation, the public offering portion accounts for 14.62%, with a 10.02% allotment rate for one lot (2000 shares), and a subscription of 400 lots is required to obtain one lot. The net proceeds raised amount to HKD 48.21 million. The exclusive sponsor for the listing is Rich Financing

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