New stock first day | Longfeng Group (02290.HK) first lists on the market, opening 16.6% lower in early trading. The company is Hong Kong's third largest retailer of cosmetics, health products, and medicines.

According to the International Financial News APP, Longfeng Group (02290.HK) made its first public listing. The announcement shows that the price per share is 5.18 Hong Kong dollars, with a total of 125 million shares issued, and 500 shares per lot, raising a net amount of approximately 600 million Hong Kong dollars. As of the time of publication, it has dropped by 16.6% to 4.32 Hong Kong dollars, with a trading volume of 145 million Hong Kong dollars.