Brief News: CF PHARMTECH surged 181% with an oversubscription of 6,700 times
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CF PHARMTECH Co., Ltd. was listed in Hong Kong on Wednesday, opening with a 219% increase, and closing at HKD 41.5 at noon, up 181%. The company issued nearly 41.2 million H shares, with the public offering oversubscribed by nearly 6,697 times and the international placement oversubscribed by 11.7 times, raising a net amount of HKD 525 million. CF PHARMTECH focuses on inhalation technology and drug research and development, with first-quarter revenue falling 2.7% to 136 million yuan, while profit more than doubled to 12.815 million yuan
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