BRANDINGCHINA (08219) opened at $2.18 on debut, hitting day high/low at $2.32/$2. It eventually closed at $2.06, which was 8 cents, or 4% higher than offer price ($1.98). 5.33 mln shares were changed hand on market, involving $11.25 mln. Excluding handling fee, each board lot of 20 shares booked a gain of $160.
BRANDINGCHINA (08219) closes at $2.06, 4% above offer price
BRANDINGCHINA is mainly engaged in design and advertising business. The company is listed by way of placing 50 mln shares to 125 investors with a price range of $1.46 to $2.14. The final offer price was set at $1.98, raising a net proceed of $74.9 mln. Anglo Chinese acted as the sponsor. (y)
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