China Business News: Shares of Peak Sport plunge 17.07% on HK debut

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Shares of Peak Sport plunge 17.07% on HK debut

Sep. 30, 2009 (China Knowledge) - Peak Sport Products Co Ltd<1968>, which has the largest market share in China's basketball footwear market, opened at HK$3.7 per share yesterday on its first trading day on the Hong Kong Stock Exchange, 9.8% lower than its issuing price of HK$4.1 per share, and plunged 17.07% to HK$3.4 per share, sources reported. The enterprise raised HK$1.7 billion in it

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