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DJ Symbol for Tianjin Construction Development Group Co. Ltd. (2515.YY) Now 2515.HK
DJ Symbol for Tianjin Construction Development Group Co. Ltd. (2515.YY) Now 2515.HK
After six days of listing, the stock price fell short. Why is it difficult for Tianjin C&D (02515) to obtain financial support?
The delay in listing did not seem to have brought the company the surprise expected. Why was Tianjin C&D, which had just gone public, abandoned by the market?
Tianjin Construction and Development (2515.HK) was listed on the Hong Kong Stock Exchange for the first time, and the market value fell 30% during the break session to HK$1.74 million to HK$375 million. Tianjin C&D's IPO was priced at HK$2.5 (lower price
Tianjin Construction and Development (2515.HK) was listed on the Hong Kong Stock Exchange for the first time, and the market value fell 30% during the break session to HK$1.74 million to HK$375 million. Tianjin C&D's IPO was priced at HK$2.5 (lower price limit). The net proceeds from the global sale was approximately HK$92.18 million.
Changes in Hong Kong stocks 丨 Tianjin C&D (2515.HK) broke on the first day of listing and once plummeted 30%
Glonghui, April 23 | Tianjin C&D (2515.HK) was listed on the Hong Kong Stock Exchange for the first time. At one point, it fell 30% to HK$1.74 in the intraday period, and its market capitalization fell to HK$375 million. Tianjin C&D's IPO was priced at HK$2.5 (price limit below), with a net raise of HK$92.18 million from the global sale. The company is a private construction group that provides comprehensive engineering construction services, including municipal utilities, foundation engineering, construction engineering, and petrochemical engineering. According to the prospectus, Tianjin C&D's revenue for 2021-2023 was 276 million yuan, 289 million yuan, and 319 million yuan, respectively.
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