Tong Ren Tang Medical and Wellness Closes 13.82% Below IPO Price on Debut

According to Yao Cai Securities, Tong Ren Tang Medical and Wellness (02667) closed its IPO debut at HK$4.74, down 13.82% from the offering price of HK$5.50. The stock's gray market low reached HK$4.68, representing a drop of 14.91% from the issue price.
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