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HK Electric Investments (2638) chairman Canning Fok Kin-ning stressed the trust could generate a yield of more than 7 percent after it closed below the offer price on its trading debut yesterday.迷你倉最平 Unit price of the utility trust ended at HK$5.34, down 2.02 percent, with investors losing HK$55 for each board lot of 500 shares. The lower unit price, however, would generate a yield of 7.237 percent as announced by the company earlier. But Fok did not respond when asked if he felt confident of maintaining a 7 percent yield in the long run. The firm will have a stable electricity tariff that will not have to be hiked until 2018, Fok said. ``We have been supplying electricity at a reliability rating of over 99.999 percent since 1997, and in recent years recorded a power interruption of less than one minute per customer per year on average. We are very 迷你倉roud of that.'' Fok said he is satisfied with the response to the IPO. The retail tranche was oversubscribed 6.46 times and the international tranche was covered. In other action, mainland developer Redco Properties Group (1622) rose 4 percent in the gray market before its trading debut today, which is also the last listing before the new year holiday. Shares of the Shenzhen-based developer, which focuses on second and third-tier cities, are priced near its upper cap of HK$2.60 to raise a total of HK$919 million. Its retail tranche was 2.5 times oversubscribed. Separately, theme parks operator Ocean World is apparently set to raise HK$2 billion on the local bourse after the holiday. The firm, a subsidiary of Dalian-based Hai Chang Group, operates four parks under the name of Polar Ocean World as well as other tourist spots in China. IMOGENE WONG 新蒲崗迷你倉