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Three new stocks of Chinese mainland companies made a beautiful debut in Hong Kong Friday, with Jinjiang Hotels growing the most, up 73.2 percent comparing with its initial public offering (IPO) price.

 

Jinjiang Hotel, whose business centers in Shanghai and Beijing, 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 HK$2.2.

 

Another highlight among new stocks is China Comm Cons, the leading construction group in China. It once reached its first day highest at HK$7.78, about 70 percent higher than its IPO price of HK$4.6, and closed at HK$6.33 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 HK$6.9 and closing at HK$8.96.

 

(Xinhua News Agency December 16, 2006)