Dalian Port Up 39% On Debut
By Jianmin Feng |
December 7, 2010, Tuesday
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Print Edition
Print Edition
DALIAN Port, biggest in northeast China, rose 39 percent to 5.24 yuan on its debut in Shanghai yesterday.
The port, the first in China to be listed in Shanghai and Hong Kong, would use the funds to expand oil and ore projects, according to the company's statement.
Analysts had expected the price at between 3.80 yuan and 4.80 yuan.
Its H-shares grew 1.18 percent yesterday against a 0.36 percent dip in the Hang Seng Index.
The port, the first in China to be listed in Shanghai and Hong Kong, would use the funds to expand oil and ore projects, according to the company's statement.
Analysts had expected the price at between 3.80 yuan and 4.80 yuan.
Its H-shares grew 1.18 percent yesterday against a 0.36 percent dip in the Hang Seng Index.
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