Three companies made their market debuts yesterday. My Heart Bodibra Group (8297) closed at 34 HK cents, down 13.75 percent from its offer price of 40 HK cents per share.
FIT Hon Teng (6088) closed at HK$3.15, a robust 16.7 percent gain from its offer price of HK$2.70. TOMO Holdings (8463) closed at 63 HK cents, a drop of 13.7 percent on its offer price of 73 HK cents.
Taiwan-based Genes Tech Group Holdings Company announced its offer price is 22 HK cents. The share has been oversubscribed 2.58 times. It has raised HK$42.2 million net.
The company said in an exchange filing that 26.6 percent of the proceeds will be used for building an extra floor on the self-owned headquarters in Taiwan. A total of 44.9 percent will be used for repaying bank loans. About 6.2 percent is for research and development projects, and 13.2 percent will be used for staff recruitment. The remaining 9.1 percent will be used for working capital of the company. It will start trading today.
Inner Mongolia Energy Engineering, an infrastructure construction services provider, priced its shares at HK$1.60, the minimum for its issue price from HK$1.60 to HK$1.68.
The company will debut on July 18. The sole sponsor is China International Capital Corporation Hong Kong Securities.
Local earth-moving equipment sales and leasing service provider Tak Lee Machinery Holdings has also filed an application for an initial public offering.