South China Morning Post
AsiaPac · 10 days ago
✦ 78✓ Factual
China’s Top Numerical Control rides investor fervour for aerospace to 80% IPO gain
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Shanghai Top Numerical Control Technology, a Chinese aerospace parts supplier, debuted on the Hong Kong stock exchange with an 80% gain on its first day of trading, closing at HK$47.50 compared to its offer price of HK$26.39, reflecting investor confidence in the commercial aerospace sector.
China’s Top Numerical Control rides investor fervour for aerospace to 80% IPO gain
Shares of Chinese aviation and aerospace parts supplier Shanghai Top Numerical Control Technology ended 80 per cent higher on its debut in Hong Kong on Wednesday, as investors continue to bet on the commercial aerospace sector.
Top Numerical Control opened at HK$37 per share on its first day of trading, representing a 40.2 per cent premium to the offer price of HK$26.39. It reached as high as HK$48.40 in afternoon trade, before closing at HK$47.50.
The Shanghai-based company issued 65.33 million
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