New Century Healthcare debuts on HK exchange

New Century Healthcare - a Beijing-based pediatric, obstetric and gynecological healthcare provider - made its debut on the Hong Kong Stock Exchange on Wednesday, raising $114 million.

The company priced its shares at HK$7.36 (94 cents), the mid point of the HK$6.36-HK$8.36 per share price guidance it issued for the 120 million shares.

The group owns and operates three leading pediatric clinics in Beijing, including BNC (Beijing New Century) Children's Hospital, BNC Women's and Children's Hospital and BNC Harmony Clinic.