Chinese Spirit Maker ZJLD Slides in Hong Kong Debut
ZJLD Group's trading debut in Hong Kong was rocky.
A bottle of ZJLD Group Ltd. Baijiu at the Hong Kong listing ceremony. Photo: Lam Yik/Bloomberg News
KKR & Co.'s ZJLD Group Inc. had a rough start to its Hong Kong trading debut, with the shares of the Chinese spirit manufacturer falling by as much as 17 percent.
ZJLD shares fell to HK$9.00 in the early hours of trading on Thursday, before recovering to HK$9.10 at midday. ZJLD priced its shares at HK$10.82.