Yugang jumps 48pc in debut

YUGANG International's shares got off to a stellar start yesterday, jumping 48.3 per cent to $1.78 during its first day of trade.

Shares in the audio-visual and industrial products trading firm, issued at $1.20, touched an intra-day high of $2.125 before declining.

Its $120.55 million offer was 142 times oversubscribed.