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

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

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