Debutante Luen Tai Group stands at HK$1.03, 3% higher than IPO price

Luen Tai Group(0346) was saw its first day in the market, opening at HK$1.o5. It stood at HK$1.03, 3% higher than IPO price of HK$1, with transaction of 8.02mln shares and turnover of HK$8.12mln.Luen Tai Group placed 50mln shares, 20mln of which were public offer and 30mln was placed; The issue price was per share; HK$50mln was to be raised, of which HK$35.5mln was net proceeds.

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