China Resources New Energy Soars 137% in Shenzhen Trading Debut
() -- China Resources New Energy (SHE:001248) shares soared 137% to close at $23.95 on its first trading day on the Shenzhen Stock Exchange Thursday. The power company raised 24.5 billion yuan from the IPO, in what the Financial Times described as the biggest in Asia this year. At open, the stock jumped 114% from its I