New stock first day | Jin Yan Kaoling New Materials (02693.HK) first listed in the morning with a 27.4% opening price surge. The company is the largest producer of sintered mullite materials for precision casting in China.

According to the Securities Times APP, Jin Yan Kaolin New Materials (02693.HK) was first listed. The announcement shows that the price per share is 7.3 Hong Kong dollars, with a total issuance of 24.3 million shares, each lot consisting of 500 shares. The net proceeds are approximately 1.24 billion Hong Kong dollars. As of the time of writing, the stock has risen by 27.4% to 9.3 Hong Kong dollars, with a trading volume of 42.89 million Hong Kong dollars.