China Coal up 13 pct in HK debut
December 19th, 2006Shares of China Coal Energy Co. rose about 13 percent in their Hong Kong debut on Tuesday, underperforming some recent IPOs as investors cooled towards the resources sector.
Shares of state-backed China Coal, the industry No. 2, traded at HK$4.56, compared with an IPO price of HK$4.05 after it raised US$1.69 billion from a deal priced [...]