China's Dongyue shares flat in HK debut

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HONG KONG, Dec 10 (Reuters) - Shares in Chinese refrigerants maker Dongyue Group Ltd (0189.HK: Quote, Profile, Research, Stock Buzz) were unchanged in their Hong Kong trading debut on Monday, in a weak market after China aggressively tightened its monetary policy during the weekend.

Shares in Dongyue, which raised US$144 million by pricing its Hong Kong IPO towards the low end of an indicated range, were set at HK$2.16 in pre-open trade, in line with their IPO price.

The company sold 520 million shares, or 25 percent of its enlarged share capital, at HK$2.16 each compared with a range of HK$2.05-HK$2.63 in a deal handled by Citigroup (C.N: Quote, Profile, Research, Stock Buzz). (US$1=HK$7.8) (Reporting by Donny Kwok, editing by Ken Wills)