Chipmaker Megain Holds IPO, Ranks of Public Firms in China’s Supplies Industry Swell

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On March 31, Megain Holdings was listed on the Hong Kong Stock Exchange (HKSE). Incorporated in the Cayman Islands, the Zhuhai, China-based firm markets chips for the third-party supplies industry. According to the Hong Kong bourse’s website, Megain (6939) shares started trading at HKD 1.39 ($0.18) but closed at HKD 1.34 ($0.17) after reaching an

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