[ET Net News Agency, 2 December 2025] JINYAN KAOLIN (02693) will be listed tomorrow
(3rd). It is currently at HK$9.73 on Phillip's grey market, 33.3% higher than the grey
market's IPO price of HK$7.3. Based on 500 shares per lot, excluding handling fees, the
book value gain per lot is HK$1,215. It is currently at HK$9.7 on Bright Smart's grey
market, 32.9% higher than the grey market's IPO price. The book value gain per lot is
HK$1,200.