Semiconductor maker Hua Hong shares jump in Shanghai debut

FILE PHOTO: A man wearing a mask walks by the Shanghai Stock Exchange building at the Pudong financial district in Shanghai, China, February 3, 2020. REUTERS/Aly Song/File Photo

SHANGHAI: Shares of China’s Hua Hong Semiconductor Ltd jumped 15% in its trading debut in Shanghai after it raised 21.2 billion yuan (US$2.96bil or RM13.5bil) in the largest sale of new equity in the Asia-Pacific region this year.

The stock traded as high as 59.88 yuan in early trading before paring gains.