Stock Track | TONGRENTANGCARE Plummets 18.18% on Trading Debut as Shares Fall Below IPO Price

Stock Track
07/07

TONGRENTANGCARE (02667) shares plummeted 18.18% intraday on Tuesday as the stock made its market debut.

The sharp decline came as the traditional Chinese medicine healthcare services provider began trading below its initial public offering price of HK$5.50 per share. The company raised approximately HK$532.4 million from its Hong Kong IPO, with the final offer price set toward the lower end of its price range.

TONGRENTANGCARE is a strategic Traditional Chinese Medicine healthcare services group under Beijing Tong Ren Tang Co., Ltd., providing comprehensive TCM medical services to individual clients and standardized management services to institutional clients. According to industry reports, the company is the largest TCM hospital group in China's non-public TCM hospital services sector based on projected total outpatient and inpatient visits for 2025.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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