China Cinda gains 26% on Hong Kong trading debut
China Cinda Asset Management saw its stock close up 26% on the IPO price for the biggest debut gain among large cap companies in Asia in more than two years.
The PE-backed firm, originally set up to absorb non-performing loans (NPLs) from China's Big Four state-owned banks, earlier priced its offering at the top end of the indicative range to raise $2.5 billion...
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