Hong Kong stock market abnormal changes | The day after the listing of Jingfa Property (01354) fell more than 17% again, with a total decline of nearly 30% and gross margin trending downward in recent years.

On the second day of listing, Jingfa Property (01354) fell by more than 17%, which is nearly 30% lower than the IPO price of HKD 7.5. As of press time, it fell by 17.32%, at HKD 5.49 with a turnover of HKD 3.5083 million.

Zhitong FinanceJul 3 22:02 ET

Xian Kingfar Property Services Shares Drop 14% on Hong Kong Debut

Dow JonesJul 2 22:01 ET

The Hong Kong IPO offering price of Jingfa Property (01354.HK) is set at HKD 7.50 per share, with a net raise of HKD 90.47 million.

According to the announcement of Jingfa Property (01354.HK) on July 2nd, the company globally sold 16.6668 million H shares, with a net amount of HKD 90.47 million, at HKD 7.50 per share. The number of shares publicly offered in Hong Kong accounts for 18.01% of the global offering, with a subscription rate of 118.87 times. The number of shares offered internationally accounts for 81.99% of the global offering, with a subscription rate of 0.98 times. Assuming the global offering is unconditional on the morning of Wednesday, July 3, 2024 at 8:00 am, it is expected that H shares will be listed on the Hong Kong Stock Exchange at 9:00 am on the same day.

Gelonghui FinanceJul 2 11:08 ET

Jingfa Properties (01354) received 118.87 times of subscription for its public offering with a restricted price.

Jingfa Property (01354) announced the results of its distribution, with 16,666,680 shares sold globally and publicly in Hong Kong.

Zhitong FinanceJul 2 10:57 ET

New stock dark market | Jinfawuyi (01354) rose by 13.33% in the initial dark market, earning HKD 300 per hand.

Jingfa Property (01354) will be listed in Hong Kong on July 3 (Wednesday).

Zhitong FinanceJul 2 04:19 ET

Jinfar Real Estate (01354) will start its IPO today with an entrance fee of HKD 2818.14.

Golden Finance News | Jingfa Property (01354) is now open for public offering, with 16.6668 million H shares to be issued, 10% of which will be publicly sold in Hong Kong and the rest will be internationally placed. The subscription price per share ranges from HKD 7.5 to HKD 9.3, with an entrance fee of HKD 2,818.14 for every 300 shares. The shares are expected to be listed on July 3. Guoyin International is the exclusive sponsor. The company is a state-owned comprehensive urban service and property management service provider in Shaanxi Province, with business operations covering Northwestern China. The company plans to use approximately 53.8% of the net proceeds for selective acquisition of other property management companies and 20.6% for purchasing cleaning products.

金吾財訊Jun 23 20:24 ET