Article: METALLURGICAL CORP. H-SHARES DOWN BELOW IPO PRICE ON DEBUT


AsiaInfo Services
09-25-2009
Metallurgical Corp. H-shares Down below IPO Price on Debut

HONG KONG, Sep 25, 2009 (SinoCast Daily Business Beat via COMTEX) -- Metallurgical Corp. of China Ltd. (1618.HK, 601618.SH), on the first day of share trading in Hong Kong, saw its Hong Kong dollar-denominated shares go down below the initial public offering price.

On Thursday, the Hong Kong-traded shares of the company closed at HKD 5.61 per share, down 11.65% from the IPO price of HKD 6.35 per share.

Metallurgical Corp. actually is the first dual-listed stock this year. It made debut on the Shanghai Stock Exchange on September 21. The worse-than-expected performance on its debut in Hong Kong stock ...

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