Transwarp Technology's (HKG:6727, SHA:688031) shares opened flat in their Hong Kong debut on Monday morning, trading in line with the offer price.
The enterprise AI software company opened at HK$49 per share, unchanged from its offer price.
What else is happening in Asia?
Asia
Newlink Technology's Potential Acquisition of HK Ant Global Investment Falls Through
Newlink Technology (HKG:9600) terminated a memorandum of intent for the potential acquisition of HK Ant Global Investment.The parties had entered the memorandum in May, a Friday bourse filing showed.
HKG:9600
Asia
New Concepts Raises HK$4.9 Million from Share Issue
New Concepts Holdings (HKG:2221) completed the issue of 5 million new shares to Du Lei to raise net proceeds of nearly HK$4.9 million.The parties had entered into the share subscription agreement earlier in September, a Friday bourse filing showed.The construction company plans to use proceeds for general working capital.
HKG:2221
Asia
Eternity Investment Unit, Director Dispose Of Stake in China Healthwise
Eternity Investment (HKG:0764) unit Eternity Finance and executive director Lei Hong Wai agreed to sell around 169 million and 18.7 million respective shares in China Healthwise (HKG:0348).The shares, representing an 18.3% and 2% stake in China Healthwise, respectively, were sold to Hwa Sheng International Investment at HK$0.08 apiece, a Friday bourse filing showed.The company will receive a consideration of around HK$13.5 million from the disposal and cease to hold any stake in China Healthwise following completion.Proceeds will be used to repay a margin loan, as well as for general working capital.
HKG:0348HKG:0764