Yuanyin Electronics (00537) Slumps 13% in Gray Market Ahead of July 9 Hong Kong Listing

According to Zhitong Finance, Yuanyin Electronics (00537) will list on Hong Kong Stock Exchange on July 9. As of July 8, the gray market price quoted on Liftmore Securities was HK$40 per share, down 13.01% from the IPO price of HK$45.98, resulting in a loss of HK$598 per 100-share lot before transaction costs.
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