Aux Electric, a Chinese air-conditioner maker, made a muted debut on the Hong Kong stock exchange on Tuesday, with international investors selling into its offering amid an initial public offering (IPO) market that is expected to extend its run for the rest of the year.
Trading under the stock code 2580, Aux opened at HK$16.10 amid a falling market, losing 7.6 per cent from its offer price HK$17.42, which was set at the top of the marketed range.
The company, based in Ningbo in eastern China’s…Aux Electric, a Chinese air-conditioner maker, made a muted debut on the Hong Kong stock exchange on Tuesday, with international investors selling into its offering amid an initial public offering (IPO) market that is expected to extend its run for the rest of the year.
Trading under the stock code 2580, Aux opened at HK$16.10 amid a falling market, losing 7.6 per cent from its offer price HK$17.42, which was set at the top of the marketed range.
The company, based in Ningbo in eastern China’s…  Read More ​Business – South China Morning Post