Hot News
Huacheng Real Estate Debuted on Paris Stock Exchange GEM with EUR5M Raised
2008-04-15   Xinhua News Agency  Longjun Lu

On April 8, NYSE-Euronext held a listing ceremony for Huacheng Real Estate debuting on Paris Stock Exchange GEM on April 8, becoming the second China enterprise, after China Corn Oil, listed on the venue.

On the first trading day, the shares opened at EUR13.10, a 4.8% increase versus the issuing price. The company raised EUR5M from institutional investors, accounting for 2.8% of the total shares. China Huacheng Real Estate Company owned the absolute control of the Huacheng Real Estate.

Catherine Kinney, President & Co-COO of NYSE-Euronext Group presided over the listing ceremony. She said the successful debut of Huacheng Real Estate on Paris Stock Exchange proved NYSE-Euronext is a right financial market for Chinese enterprises. Euronext is willing to join hands with China Huacheng to start a bright future for Huacheng Real Estate. Moreover, Euronext will make good preparation for more Chinese enterprises IPOs.