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
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