Zhejiang Runtu (002440), which produces textile dyes and printing auxiliaries, will launch 59.056 million shares at an issue price of 31.2 yuan per share, with prices forecast to end the trading day at 31-35 yuan per share. Runtu's shares ended the day down 5.13 percent to 29.6 yuan. Zhongyeda Electric (002441) will launch 23.2 million shares at 39.9 yuan per share. An electric equipment dealer, the company's share price is expected to trade between 39-43 yuan per share on its first trading day. Zhongyeda shares fell 3.06 percent for the day to 38.68 yuan.
Longxing Chemical Industry (002442), China's leading carbon black producer in terms of production capacity and profitability, sold 40 million shares at 12.5 yuan per share, with prices expected to rise to 13-16 yuan per share at the end of the day. Longxing Chemical's shares rose 20.88 percent to close at 15.11.
Zhejiang Kingland Pipeline and Technologies (002443) will launch 26.8 million shares at 22 yuan per share. The share prices of the company, which produces and sells galvanized steel, welded, and laminated pipes, are expected to end the day at 23-26 yuan per share. Kingland's shares fell 0.18 percent to close at 21.96 yuan.
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