China Shanshui Cement falls 1.8 pct in HK IPO debut

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HONG KONG, July 4 (Reuters) - Shares in China Shanshui Cement Group (0691.HK) were set to open down 1.8 percent in their market debut on Friday after the firm raised $234 million in a Hong Kong initial public offering.

Billions of dollars in deals were shelved in the first half in Hong Kong as choppy markets made it difficult to price new issuances. On Thursday, Chinese sportswear retailer Xdlong International Co Ltd postponed a Hong Kong IPO worth up to $127 million.

Shares in Shanshui Cement were indicated at HK$2.75 in pre-market trade, compared with an IPO price of HK$2.80 per share, near the bottom of its indicated range.

The Shandong-based cement producer sold 650.84 million shares, or 25 percent of its enlarged share capital, in a deal handled by Credit Suisse (CSGN.VX) and Morgan Stanley (MS.N).

(US$1=HK$7.8)

(Reporting by Kennix Chim; Editing by Keiron Henderson)