Shares of LIANLIAN (02598) closed at HK$9.44 in its first trading day, or 7.6% lower than its offer price of HK$10.22. The stock saw 15.43 million shares change hands, with a total turnover of HK$149.69m.
Excluding the transaction costs, investors lost HK$390 for each board lot of 500 shares.
The stock opened at HK$9.8, or 4.1% lower than its offer price, with the lowest and highest trading prices of HK$9.28 and HK$9.91 respectively.
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