Lung Fung Group's (HKG:2290) shares opened 17% below their initial public offering price in a tepid Hong Kong debut on Friday morning.
The Hong Kong-based beauty, health, and pharmaceutical products retailer opened at HK$4.32 per share, compared with the offer price of HK$5.18.
Gulf Development plans to invest up to 140 billion baht over the next five years to expand data centers and digital infrastructure to meet growing demand for artificial intelligence and cloud computing, Bloomberg News reported Thursday, citing Chief Financial Officer Yupapin Wangviwat.Thailand's largest power producer aims to add up to 2,000 megawatts of data center capacity during the period, according to the report.The company and its partners currently operate facilities with a combined capacity of about 200 megawatts, Bloomberg added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Dajin Heavy Industry's (HKG:1081, SHE:002487) shares opened flat in their Hong Kong trading debut on Friday morning.The China-based offshore wind power equipment provider opened at HK$66.40 per share, matching its initial public offering (IPO) price.
LongBio Pharma's (HKG:1779) shares opened 50% above their initial public offering price in a strong Hong Kong debut on Friday morning.The Chinese biopharmaceutical company opened at HK$144.30 per share, well above the offer price of HK$96.06.