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Hot stock: Weiye surges 97% before easing on dual-listing debut in Hong Kong
THE share price of Weiye Holdings almost doubled in Singapore on Wednesday, the day the property company made its debut on the main board of the Stock Exchange of Hong Kong.
Weiye shares hit an intra-day high of S$0.75 each, before easing to trade around S$0.59, up 14 Singapore cents or 31 per cent at 2.53pm. Almost two million shares changed hands.
On seeking a dual listing in Hong Kong, Weiye had said it would help it focus on China, and boost its long-term growth and development prospects.
Weiye is trading around HK$3.41 in Hong Kong at 2.50pm.