Three new stocks of Chinese mainland companies made a beautiful debut inHong KongFriday, with Jinjiang Hotels growing the most, up 73.2 percent comparing with itsinitial public offering(IPO) price.
Jinjiang Hotel, whose business centers inShanghaiandBeijing, mainly focuses on hotel management, hotel related services and catering. Its business plan in developing economic hotels has drawn investors' attention and made its first day of listing a great success by closing at 3.81 HK dollars, 73.2 percent higher than the IPO price of 2.2 HK dollars.
Another highlight among new stocks is China Comm Cons, the leading construction group in China. It once reached its first day highest at 7.78 HK dollars, about 70 percent higher than its IPO price of 4.6 HK dollars, and closed at 6.33 HK dollars at the end of Friday's trading.
For Neo Neon, a lighting instrument producer, the first day is also a success with its price going up 29.9 percent comparing with its IPO price of 6.9 HK dollars and closing at 8.96 HK dollars.
