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Markets· Equity· IPO

Henan Liliang Diamond debuts on Shenzhen Stock Exchange, rose 1112%

CKN
minutes 2021/09/24 10:58:58
3,239

Sep 24, 2021 (China Knowledge) - Henan Liliang Diamond (301071) opened at RMB 185.58 on its first day trading on the Shenzhen ChiNext Market, an increase of 800% from its IPO price of RMB 20.62.

The shares price ended the day at RMB 250, soaring 1112% from its issue price. Its intraday high and low were RMB 288 and RMB 185.58, respectively. A total of 12.8 mln shares changed hands with a turnover of RMB 2.9 bln, and ending the day with a total market capitalization of RMB 15.1 bln.

Henan Liliang Diamond produces and sells synthetic diamond products. The Company manufactures and markets diamond single crystal, diamond powder, cultivated diamond, and other products. Henan Liliang Diamond markets its products throughout China.

Henan Liliang Diamond reported in its prospectus that the funds raised from the IPO will be used to expand its production capacity, and to supplement its working capital.

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