Dance Fitness

Sinophar Aseptic valves m surges in gray market

Sinophar Aseptic valves m surges in gray market
Aseptic valves air flow sensor air mass meter air max Air max all aluminum alloy conductor Aloe vera aluminum cookware aluminum cookware amusement equipment Amusement equipment amusement equipment Amusement Park Equipment Amusement rides anchor chain ansi flange ansi flange api ball valve api valve api valve
Sinopharm surges in gray marketPublished: 22 Sep 2009 17:39:01 PST

Top 5 News From ChinaKnowledge.comChina Unicom adds 127,000 GSM users in AugustCIC to buy 12.91% stake in Noble GroupFocus Media posts US$23 mln of net loss in Q2Huawei to open research center in France this monthWumart Stores eyes Shanghai market

Sep. 23, 2009 (China Knowledge) - Shares of Sinopharm Group<1099> surged 26% from its offer price of HK$16 to close at HK$20.15 in the gray market on Tuesday, sources reported.

Turnover was HK$64.52 million with 3.21 million shares changing hands. Shareholders of Sinopharm could obtain a paper gain of HK$1,660 per board lot of 400 shares.

The stock will begin trading today and is estimated to reach HK$21 due to the oversubscription. The company received 423,277 applications from retail investors for 31.1 billion shares, 570 times the public offering size of 54.57 million shares, sources said.

In addition, Fujian-based property developer Powerlong Real Estate and industrial gas supplier Yingde Gases started book-building yesterday and plan to raise HK$4.9 billion and HK$3.58 billion, respectively.

Sinophar Aseptic valves m surges in gray market

You need to be a member of Danceable! to add comments!