Global Bio-chem midday closes at HK$0.89

Global Bio-chem Technology Group (0809), which debuted on the main board today, sharply fell through the IPO price of HK$1.02 after the opening. It ranged from the highest HK$1.08 to the lowest HK$0.89 in the morning session. It midday closed at HK$0.89, 12.7% lower than its IPO price, the turnover amounting to HK$57.33 mln.

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