Mingfa down ahead of debut, China High Precision soars - News

Runway Angels
The superbowl of fashion shows, models walk down the runway at the 2009 Victoria's Secret Show.
Smartphone Guide
Here's a need-to-know guide to nine devices, based on features, price, network and platform.
Wines for the Holidays
Not quite sure what wine to pair with Turkey or Creme Brulee? Our experts do.

FEATURED QUIZZES

A Healthier & Wealthier You
Take the following quiz and find out how much you know about the impact of obesity on the health of the U.S. economy.
The Billionaire BFF's
Philanthropists. Bridge partners. Hockey players. Which responses are based on facts from Buffett's and Gates' real lives?
The Many Myths of Coca-Cola
Can you tell which statements are true, and which ones are just rumors?

SPECIAL REPORTS

Winterizing Your Portfolio
If 2009 was the winter of our discontent, will 2010 be a winter wonderland for investors? A lot depends on the recovery—or lack thereof.
Investor's Guide to Real Estate
Some even say the long-awaited recovery is here. Regardless, buyers and sellers alike can profit from our guide.
Alternative Investing
Stocks and bonds? Sure. But it's a big world out there for investors.

CNBC ON DIGG

Mingfa down ahead of debut, China High Precision soars

By: AFX | 12 Nov 2009 | 09:15 PM ET

Text Size

HONG KONG, Nov 13 (Reuters) - Shares of Chinese developer Mingfa Group (International) Co Ltd were indicated 4.2 percent lower ahead of their Hong Kong trading debut on Friday. The developer saw its opening share price set at HK$2.29, compared with a Hong Kong IPO price of HK$2.39, which had been priced at a level lower than the mid-point of an indicated range, raising $278 million. Bank of America Merrill Lynch and Deutsche Bank were the joint bookrunners for the deal. Shares of display instrument maker China High Precision Automation Group Ltd were indicated at HK$5.00 ahead of its $129 million trading debut, 25 percent higher than its IPO price of HK$4.0. (US$1=HK$7.75) (Reporting by Donny Kwok; Editing by Chris Lewis) ((donny.kwok@thomsonreuters.com; +852 2843 6470; Reuters Messaging: donny.kwok.reuters.com@reuters.net)) Keywords: MINGFA DEBUT (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

Tools: