News: Subscription reflects mediocre performance, NANHUA FUTURES drops below issue price on the first day of listing
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NANHUA FUTURES Co., Ltd.; on its first day of listing in Hong Kong on Monday, the stock price fell by 24%. The company issued approximately 108 million shares at HKD 12 per share, raising HKD 1.2 billion, but the market response was lukewarm, with the Hong Kong public offering only receiving 0.9 times oversubscription, and the subscription rate for the international placement portion was only close to full
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