Tong Ren Tang Medical and Health Debuts in Hong Kong at $4.76, Down 13.5% from IPO Price

Tong Ren Tang Medical and Health Group (ticker: 02667), a traditional Chinese medicine medical service provider under the Tong Ren Tang brand, debuted in Hong Kong today at HK$4.76 per share, down 13.5% from its IPO price of HK$5.50. The company raised approximately HK$532 million in net proceeds, with the public offering receiving 250.74 times oversubscription.
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