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Chinese Spirit Maker ZJLD Slides in Hong Kong Debut

April 26, 2023 at 11:26 p.m. ET By Bingyan Wang KKR & Co.-backed ZJLD Group Inc. got off to a rocky start in its trading debut in Hong Kong, with shares falling as much as 17% in the first listing by a Chinese spirit maker outside mainland China. Shares of ZJLD dropped to 9.00 Hong

chinese-spirit-maker-zjld-slides-in-hong-kong-debut

By Bingyan Wang

KKR & Co.-backed ZJLD Group Inc. got off to a rocky start in its trading debut in Hong Kong, with shares falling as much as 17% in the first listing by a Chinese spirit maker outside mainland China.

Shares of ZJLD dropped to 9.00 Hong Kong dollars in early trading Thursday before recovering slightly to HK$9.10 by midmorning….

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