Hong Kong, June 23, 2025 (AFP) - Chinese refrigeration parts firm sees lukewarm Hong Kong debut

NAMPA / AFP

2025-06-23

A Chinese refrigeration parts manufacturer that raised US$1.2 billion for a Hong Kong listing ended its first trading day on Monday with shares little changed from its offer price. Zhejiang Sanhua Intelligent Controls's debut is seen as part of Hong Kong's resurgence as an initial public offerings hub, following stock flotations by Chinese battery giant CATL and drug developer Jiangsu Hengrui this year. Sanhua shares began trading at HK$20.95, mo......

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