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Search resuls for: "Neusoft Xikang"


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SYDNEY, Sept 28 (Reuters) - Shares in Chinese hospital cloud software firm Neusoft Xikang (9686.HK) slumped nearly 35% in the company's Hong Kong trading debut on Thursday, as sentiment towards some new share sales remained weak. Neusoft Xikang opened down 22.4% and sold off sharply early in the Hong Kong trading session on Thursday. Separately, Chinese AI startup firm Beijing Fourth Paradigm (6682.HK) opened 13.4% higher at HK$63.10 per share in its Hong Kong trading debut on Thursday. Retail demand for Beijing Fourth Paradigm was considered stronger than usual with that tranche 11.4 times covered, according to its filings. ($1 = 7.8238 Hong Kong dollars)Reporting by Scott Murdoch in Sydney and Donny Kwok in Hong Kong; Editing by Himani Sarkar and Lincoln FeastOur Standards: The Thomson Reuters Trust Principles.
Persons: Neusoft Xikang, Scott Murdoch, Donny Kwok, Himani Sarkar Organizations: HK, Investor, Hong Kong Stock Exchange, U.S, Commerce Department, Retail, Thomson Locations: Hong Kong, Beijing, Sydney, Lincoln
Fourth Paradigm (also known as 4Paradigm) sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS/Aly Song/File Photo Acquire Licensing RightsSYDNEY, Sept 18 (Reuters) - Three Chinese firms, led by AI software company Beijing Fourth Paradigm, are aiming to raise up to $280 million in Hong Kong initial public offerings launched on Monday. Beijing Fourth Paradigm, an AI startup, is aiming to raise up to $144 million by selling 18.4 million shares in a price range of HK$55.60 to HK$61.16 each, according to its regulatory filings. Separately, Chinese cloud hospital platform Neusoft Xikang is aiming to raise $81 million to $101 million by selling 133.8 million shares, regulatory filings showed. ZX Inc, the mobile games operator, is selling 18.97 million shares in a range between HK$11 to HK$14 each to raise between $27 million and $34 million, according to its prospectus.
Persons: Aly, Scott Murdoch, Stephen Coates Organizations: Artificial Intelligence, REUTERS, Rights, HK, New China Capital Management, Commerce Department, ZX Inc, Thomson Locations: Shanghai, China, Beijing, Hong Kong, Sydney
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