Trading under the stock sign 6887, Sunshine’s shares began trading at HK$57.50 on Thursday, a discount of 4.5 per cent to its initial public offer price of HK$60.24
Sunshine Lake Pharma’s shares fell in their trading debut in Hong Kong, as the city’s buzz over first-day trading took a breather while the stock market sought fresh directions from mainland China’s macroeconomic statistics and trade talks.
Known also as Guangdong Dongyangguang Pharmaceutical, Sunshine was the first stock to commence trading by introduction on the local exchange after a takeover of its Hong Kong-listed subsidiary.
Trading under the stock sign 6887, Sunshine’s shares began trading at HK$57.50 in a declining market on Thursday, a discount of 4.5 per cent to thelast traded price of its unit of HK$60.24 a day earlier.
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