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<IPO> LUNG FUNG GROUP (02290.HK) Closes at HKD2.81, 45.8% Below IPO Price
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LUNG FUNG GROUP (02290.HK) debuted on its first trading day, opening at HKD4.32, 16.6% below its IPO price of HKD5.18. The stock recorded an intraday high/low of HKD4.6/HKD2.8, and closed at HKD2.81, representing a 45.8% discount to its IPO price of HKD5.18. Full-day volume amounted to 85.4712 million shares, with turnover of HKD346 million. Excluding handling fees, a board lot of 500 shares would result in a book loss of HKD1,185.
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