Shares of KWG Property Holding, a Guangdong-based developer, rose 7.7 per cent on their trading debut as the local stock market set a record high. The shares rose as much as 9.2 per cent above their offer price of HK$7.28 before retreating to close at HK$7.69 as HK$1.7 billion worth of shares changed hands. Meanwhile, China High-Speed Transmission Equipment is tipped to make a robust trading debut on the main board today after receiving a strong response from local investors for its initial public offering. In the grey market, the shares were trading in the range of HK$9.20 to HK$9.61, representing a 30 per cent to 35 per cent gain on the offer price of HK$7.08. The company, which develops and makes components for the wind energy sector, raised HK$2.1 billion after fixing the offer price at the top of the indicative price range. The retail tranche was 692 times covered. Meanwhile, Vinda International, a mainland paper tissue maker, raised US$142 million in its offering. The price of HK$3.68 was at the top of an indicative range that went as low as HK$3.18.