HONG KONG, March 13 Shares in a Chinese theme
park operator and real estate developer were set to open at
least 7 percent weaker in their trading debuts in Hong Kong on
Thursday, underscoring the tough market for new listings in the
Haichang Holdings, which operates amusement parks
in China, was indicated to open at HK$2.26 compared with an
initial public offering price of HK$2.45 per share. The IPO,
which raised $316 million, priced just above the middle of a
HK$2.18 to HK$2.68 per share marketing range last week.
Sunshine 100 China Holdings Ltd, a real estate
developer backed by U.S. private equity firm Warburg Pincus
, was indicated to open at HK$3.70 compared with its
HK$4.00 per share IPO price. The deal raised $258 million and
had been marketed in a HK$4.00 to HK$4.80 per share range.
(Reporting by Elzio Barreto; Editing by Paul Tait)