EV maker, Vanke’s unit slump in HK debut amid rough IPO market

China Vanke Co Ltd's model for its Super Bay area development in Shenzhen, China

HONG KONG: An electric vehicle (EV) maker and a unit of China’s real estate developer China Vanke Co plunged in their trading debuts in Hong Kong, following initial public offerings (IPO) that together raised more than US$1.5bil (RM7bil).

Chinese EV maker Zhejiang Leapmotor Technology Co slumped as much as 33% to HK$32.20 (RM19).

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