Jinwu Financial News | Fanyuan International (02516) initially closed at HK$1, 11.11% higher than the IPO price. It traded 37.1 million shares throughout the day, with a turnover of HK$406.636 million. With no handling fees, each lot earns a book profit of HK$400 for each lot.
The stock was reported at HK$1.3 in early trading, which was 44.44% higher than the offer price. The full day high was HK$1.32, and the lowest was HK$0.91. The latest total market value is HK$780 million.