Tianjin Construction and Development (02515.HK): End of price stabilization period, lack of price stabilization actions, and expiration of over-allotment rights

Gelonghui, May 20, 丨 Tianjin C&D (02515.HK) announced that the stable price period for global sales has ended on May 18, 2024 (Saturday) (that is, the 30th day after the deadline for submitting applications for public sale in Hong Kong). The overall coordinator (for himself and on behalf of the international underwriter) did not exercise the over-allotment right during the price stability period, and the over-allotment right expired on May 18, 2024 (Saturday). As a result, the company does not and will not issue shares based on over-allotment rights.

Gelonghui FinanceMay 19 19:34 ET

DJ Symbol for Tianjin Construction Development Group Co. Ltd. (2515.YY) Now 2515.HK

DJ Symbol for Tianjin Construction Development Group Co. Ltd. (2515.YY) Now 2515.HK

Dow JonesMay 2 17:09 ET

After six days of listing, the stock price fell short. Why is it difficult for Tianjin C&D (02515) to obtain financial support?

The delay in listing did not seem to have brought the company the surprise expected. Why was Tianjin C&D, which had just gone public, abandoned by the market?

Zhitong FinanceMay 1 21:43 ET

[IPO] Tianjin C&D (02515) closed at HK$1.52, 39.2% lower than the offering price

Jinwu Financial News | Tianjin C&D (02515) closed at HK$1.52, 39.2% lower than the offering price. It traded 56.518 million shares throughout the day, with a turnover of HK$108 million. Excluding handling fees, a book loss of HK$1960 per lot was 2,000 shares. The stock opened at HK$1.88 in early trading, 24.8% lower than the offering price. The daily high price was HK$2.18, which is still below the offer price; the lowest was the closing price of HK$1.52. The latest total market value is HK$328 million. Tianjin C&D received 16,354 valid applications during the public sale phase, received about 433.06 times the subscription, and won the contract

金吾財訊Apr 23 04:19 ET

Tianjin Construction Development Group Opens 19% Lower in Hong Kong Trading Debut

Tianjin Construction Development Group (HKG:2515) opened 19% lower at HK$1.88 on its first trading day on the Hong Kong bourse Tuesday. The construction company offered about 54 million shares and pr

MT NewswiresApr 22 21:42 ET

First day of the IPO | Tianjin C&D (02515) first listing opened 24.8% lower in early trading

Tianjin C&D (02515) was listed for the first time. According to the announcement, the company issued approximately 53.95 million shares, priced at HK$2.5 per share, with a net proceeds of approximately HK$92.18 million. As of press release, it decreased by 24.8% to HK$1.88, with a turnover of HK$268.491 million.

Zhitong FinanceApr 22 21:20 ET