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chnnr
2021-07-07

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Chinese EV maker Xpeng loses steam in HK debut; smaller newcomer Chaoju Eye shines

Shares of Chinese electric vehicle $(EV)$ maker Xpeng Inc trade as low as HK$159.30, down 3.5% from

Chinese EV maker Xpeng loses steam in HK debut; smaller newcomer Chaoju Eye shines

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One ADS is equivalent to two Hong Kong shares\nXpeng, which on Wednesday raised $1.8 bln by selling 85 mln shares in Hong Kong listing, will develop future models based on product platforms designed for international markets, its chief executive said\nSmaller newcomer Chaoju Eye Care Holdings shines in trading debut, with shares rising to HK$14.46, up 36.4% from the IPO price of HK$10.60 apiece\nThe Beijing-based eye hospitals and optical centres operator sold 170.9 mln shares in IPO, raising HK$1.81 bln ($233 mln) for establishment and acquiring hospitals, upgrading IT systems\nThe Hong Kong Hang Seng Commerce & Industry Index slips 0.8%, while healthcare index rises 1.4%\nThe Hang Seng China Enterprises Index falls 1.5%, and the benchmark index slides 1%\n($1 = 7.7677 Hong Kong dollars)","news_type":1},"isVote":1,"tweetType":1,"viewCount":171,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":19,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}