Fu Shou Yuan International Group Ltd, China's largest provider of funeral services, is set to jump 59 percent in its Hong Kong trading debut on Thursday, leading a pack of first-day trading pops in the city. Shares in Fu Shou Yuan, in which private equity firm Carlyle Group LP and hedge fund firm Farallon Investors took a minority stake, were indicated to open at HK$5.30 compared with an IPO price of HK$3.33, according to Hong Kong stock exchange data.
Shares of CG traded higher by 2.06% or $0.71/share to $35.24. In the past year, the shares have traded as low as $23.85 and as high as $37.89. On average, 498494 shares of CG exchange hands on a given day and today's volume is recorded at 507570.
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