HONG KONG: HK Electric Investments Ltd, a utility trust spun out of Li Ka-shing's business empire, fell more than 4% on its Hong Kong trading debut as investors balked at a listing price already set at rock-bottom.
The weak opening after a US$3.1bil initial public offering, the biggest in Asia excluding Japan since late 2012, points to the billionaire's third listing disappointment in a row.
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