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Chinese circuit board firm Dongshan Precision plunges at Hong Kong debut

Chinese circuit board firm Dongshan Precision plunges at Hong Kong debut
Key Points

Suzhou Dongshan Precision Manufacturing Co. slumped in its Hong Kong trading debut after an underwhelming HK$9.9 billion (US$1.26 billion) initial public offering (IPO), as investor sentiment was haunted by the deepening sell-off across China’s artificial intelligence (AI) and tech hardware sectors. Shares of the circuit-board manufacturer, a key supplier of components for AI servers, dropped as much as 6 per cent after its debut in Hong Kong market on Wednesday. It bounced back slightly...

Suzhou Dongshan Precision Manufacturing Co. slumped in its Hong Kong trading debut after an underwhelming HK$9.9 billion (US$1.26 billion) initial public offering (IPO), as investor sentiment was haunted by the deepening sell-off across China’s artificial intelligence (AI) and tech hardware sectors. Shares of the circuit-board manufacturer, a key supplier of components for AI servers, dropped as much as 6 per cent after its debut in Hong Kong market on Wednesday. It bounced back slightly with a...
Chinese (ORG) Dongshan Precision (ORG) Hong Kong (LOCATION) Suzhou Dongshan Precision Manufacturing Co. (ORG) IPO (ORG) China (LOCATION) AI (ORG)
Originally published by South China Morning Post Read original →