[ET Net News Agency, 20 June 2025]  SANHUA (02050) will be listed next Monday (23rd). It is currently at HK$21.55 on Phillip's grey market, 4.4% lower than the grey market's IPO price of HK$22.53. Based on 100 shares per lot, excluding handling fees, the book value loss per lot is HK$98. It is currently at HK$21.25 on Bright Smart's grey market, 5.7% lower than the grey market's IPO price. The book value loss per lot is HK$128.