CAA Resources trades down on debut

By Andrew Griffin
03 Jul 2013

CAA Resources, a Malaysian mining company, traded down on its debut on Wednesday, after it completed a HK$488m ($63m) IPO last week.

The shares closed down 6.9% at HK$1.21 on Wednesday, after it priced at the bottom end of a HK$1.30-HK$1.60 range.

The deal had found trouble generating high-quality investor interest, bankers away from the deal said at pricing.

EBS International and BoCI were joint bookrunners on that deal.

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