[ET Net News Agency, 4 December 2025] TIANYU SEMI (02658) will be listed tomorrow
(5th). It is closed at HK$49.34 on Phillip's grey market, 14.9% lower than the grey
market's IPO price of HK$58. Based on 50 shares per lot, excluding handling fees, the book
value loss per lot is HK$433. It is currently at HK$49.86 on Bright Smart's grey market,
14% lower than the grey market's IPO price. The book value loss per lot is HK$407.