[ET Net News Agency, 20 June 2025] SANHUA (02050) will be listed next Monday (23rd). It
is closed at HK$21.85 on Phillip's grey market, 3% lower than the grey market's IPO price
of HK$22.53. Based on 100 shares per lot, excluding handling fees, the book value loss per
lot is HK$68. It is currently at HK$21.7 on Bright Smart's grey market, 3.7% lower than
the grey market's IPO price. The book value loss per lot is HK$83.