New Stock Debut | Red Avenue New Materials (09607.HK) Lists on First Day, Opens 9.09% Lower in Early Trading; Company Focuses on Photoresist and Tire Resin Businesses

Zhito Finance APP has learned that Red Avenue New Materials (09607.HK) debuted on its first day of listing. According to the announcement, the issue price was HK$44 per share, with a total of 68,118,700 shares issued, 100 shares per lot, and net proceeds of approximately HK$2.706 billion. As of press time, it fell 9.09% to HK$40, with a turnover of HK$170 million.