Shares of China Tobacco International rose on their debut in Hong Kong on Wednesday. China has more than 300 million smokers. Photo: AP Photo

Overseas unit of China’s state-owned cigarette monopoly lights up after lacklustre trading debut as market sentiments turn stale

  • Shares of China Tobacco International changed hands for the first time in Hong Kong at HK$4.97, a 1.8 per cent premium to its IPO price of HK$4.88
  • The stock rose to an intraday high of 20.7 per cent amid a declining market, before ending the day up 9.7 per cent
Topic |   IPO

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Shares of China Tobacco International rose on their debut in Hong Kong on Wednesday. China has more than 300 million smokers. Photo: AP Photo
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