Connect with us

Hi, what are you looking for?

Imsilkroad

JD Health surges on Hong Kong market debut

Abstract : JD Health International Inc., the health care branch of e-commerce giant JD.com, made a strong debut on the Hong Kong stock market Tuesday.

HONG KONG, Dec. 8 (Xinhua) — JD Health International Inc., the health care branch of e-commerce giant JD.com, made a strong debut on the Hong Kong stock market Tuesday.

Shares of JD Health opened at 94.5 Hong Kong dollars (12.19 U.S. dollars) Tuesday morning, up significantly from its offer price of 70.58 Hong Kong dollars. Its public offering had been oversubscribed over 420 times by local investors and over 30 times by global investors.

The company expects to raise 26.46 billion Hong Kong dollars by issuing 381.9 million shares. If the over-allotment option is exercised in full, the fund-raising will rise by another 3.98 billion Hong Kong dollars.

According to the prospectus, about 40 percent of the funds raised will be used for business expansion in areas including retail pharmacy business and online health care services, about 30 percent for research and development and the rest for potential investments and acquisitions or strategic alliances, as well as working capital and general corporate purposes.

JD Health is the largest online health care platform by revenue in China in 2019, recording a total revenue of 10.8 billion yuan (1.65 billion U.S. dollars) and with a market share of 29.8 percent, said the Frost & Sullivan Report.

JD.com started trading on the Hong Kong market in June as the third U.S.-listed Chinese mainland company that completed the secondary listing in Hong Kong. (1 USD equals 7.75 HKD) Enditem

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy,BRI Trade,BRI Investment,Belt and Road weekly,Know Belt and Road,and the integrated information services for the Belt and Road Initiative (BRI).

Source: JD Health surges on Hong Kong market debut

Press Release Wring Service
Press Release Wring Service Senmer Press Release Service

Trending

You May Also Like

Purifier

Hot selling well newest reserch humidifier with three grades mist output air purifiers 1 Specification& function Specification Product name 6-Stage Purification Air Purifier With Negative Anion and Humidifier Model No. OLS-K05 Negative ionic releasing(/cm3) 50 million...

Purifier

Best indoor air purifier small house purification with HEPA Porduct Name Air Purifier Model A3 Style Household / business type Lowest Noise 30 dB Particulate CADR 200m³/h Highest Noise 58 dB Voltage 110 / 220V(Optional) Rated Power...

Sticky Post

Repost Your Products Articles To Web2.0 + Social Sites + Photo Sites + Bookmark Sites 0.5$ to publish 1 article to 15 sites,average just...

Purifier

We believe that always we would hear the hydrogen water have antioxidation fuction, actually we don’t know what is antioxidation and why it’s so...