U.S.-based Chinese State-Owned Plane-Maker Debuts in Hong Kong

(Nikkei Asia) — Cirrus Aircraft Ltd., a U.S.-based but Chinese state-owned manufacturer of small airplanes, made its debut on the Hong Kong stock exchange on Friday.

The company’s shares opened at HK$27.50 ($3.52), before immediately falling. The opening was in line with the initial public offering price, which was set closer to the lower end of a range between HK$27.34 and HK$28.00.