PRG unit makes firm debut on HKSE

ong Kong's Hang Seng index rose 1.9 percent as trading resumed following a public holiday on Monday, led by mainland banks and insurers after China's central bank cut reserve ratios over the weekend to encourage lending.

HONG KONG: PRG Holdings Bhd's manufacturing unit, Furniweb Holdings Ltd, made a firm debut on on the Growth Enterprise Market board of the Hong Kong Stock Exchange (HKSE).

It opened 60 cents, a 10 cent premium over its issued price of 50 cents each.

At the opening bell, the company saw 12.4 million shares traded.

Post-listing, PRG will hold 75 per cent stake in the enlarged share capital of Furniweb. - Bernama