Henderson Cyber, the internet and technology arm of Hong Kong's Henderson Land property group, fell 1.6% below its offer price during its first day's trading on the Growth Enterprise Market. Grandmass Enterprise Solutions, a Hong Kong computer software and services company, rose 4%, albeit off the lowest price ever set for a GEM stock.
Henderson Cyber fell to HK$1.23 from HK$1.25. Earlier the shares fell as low as $1.17. The company sold 750 million shares to institutions to raise HK$937.5 million $120 million. Grandmass shares rose to HK$0.52 from its offer price of HK$0.50. Grandmass is the first company to offer its shares for less than HK$1...
