Zhejiang Sanhua shares drop in Hong Kong trading debut as IPO frenzy stalls

Zhejiang Sanhua shares drop in Hong Kong trading debut as IPO frenzy stalls

Trading under the code 2050, the stock began trading at HK$20.95, 7.2 per cent lower than its offer price of HK$22.53.

Linklaters advises on Sanhua Inteligent’s US$1.2bn HKEX debut

Linklaters acted as the Hong Kong and US counsel for China International Capital Corporation Hong Kong Securities Limited and Huatai Financial Holdings (Hong Kong) Limited as joint sponsors and overall coordinators on the global offering and listing of H shares of Zhejiang Sanhua Intelligent Controls Co., Ltd. (Sanhua Intelligent) on the Main Board of the Hong Kong Stock Exchange (HKEX), raising approximately US$1.2bn. Sanhua Intelligent is the …

Chinese refrigeration parts firm drops in Hong Kong debut

Hong Kong (AFP) June 23, 2025 A Chinese refrigeration parts manufacturer that raised US$1.2 billion for a Hong Kong listing saw shares dip after it started trading on Monday. The debut of Zhejiang Sanhua Intelligent Controls is seen as part of Hong Kong's resurgence as an initial public offerings hub, following stock flotations by Chinese battery giant CATL and drug developer Jiangsu Hengrui this year. Sanhua shares

Linklaters Advises On Sanhua Intelligent's US$1.2bn HKEX Debut. - Conventus Law

Linklaters acted as the Hong Kong and US counsel for China International Capital Corporation Hong Kong Securities Limited and Huatai Financial Holdings (Hong Kong) Limited as joint sponsors and overall coordinators on the global offering and listing of H shares of Zhejiang Sanhua Intelligent Controls Co., Ltd. (Sanhua Intelligent) on the Main Board of the Hong Kong Stock Exchange (HKEX), raising approximately US$1.2bn. Sanhua Intelligent is the …