Shares in Chinese private healthcare provider Distinct Healthcare surged 35.1% in their Hong Kong debut Friday. Founder and CEO Philip Wang says it'll use the money raised from the share sale to expand overseas "cautiously."
Printed circuit board (PCB) equipment maker Shenzhen Han’s CNC Technology jumped 17.4% in Hong Kong debut. It was China’s largest specialised PCB equipment manufacturer by revenue in 2024, with a market share of 10%.
China's biggest pig breeder Muyuan Foods gained 5% in Hong Kong debut. Most of Muyuan’s fundraising proceeds would be used for its global expansion and diversification in markets like Vietnam and Thailand, while the rest would be used for research and development, working capital and general corporate purposes, according to its prospectus.