New Stock Grey Market | Xinhehua (02206) rises 194% at the beginning of grey market trading, earning HK$3,890 per lot

Zhitong Finance APP has learned that Xinhehua (02206) will be listed in Hong Kong on November 11 (Wednesday). In the gray market trading earlier today, as of press time, Livermore Securities' gray market trading showed a quote of HK$118, up 193.53% from the IPO price of HK$40.2, with each board lot of 50 shares. Excluding fees, the profit per board lot is HK$3,890.