Pacific Ports

Newcomer Pacific Ports did not leap ahead of its offer price yesterday despite listing in the week that saw limited links re-established across the Taiwan Strait and a fervour for China-concept plays.

The company, a unit of Fairyoung, with ports in Xiamen and other mainland centres, ended 4.36 per cent higher than its offer price at $3.225. A total of 78.11 million shares changed hands as it tracked between a high of $3.65 and a low $3.10.

'I guess it got slightly sidetracked in the rush for the big boys,' one broker said.

The shares had been quoted in the grey market up to $4.20.