Shares of China's largest bubble tea chain Mixue jumped as much as 34% on its market debut on Monday after a heavily oversubscribed initial public offering.

By Scott Murdoch and Sophie Yu SYDNEY (Reuters) -Shares of China's largest bubble tea and drinks chain Mixue Group jumped nearly 30% on their first day of trading on the Hong Kong Stock Exchange on Monday after the firm raised $444 million in an initial public offering (IPO).

Shares of the Zhengzhou-based company changed hands at HK$262 each when trading commenced in Hong Kong, 29.3 per cent higher than their offer price of HK$202.50.

Khalil Fong, a Hong Kong singer-songwriter who infused a soul and R&B sensibility into Chinese pop songs, died on Feb. 21. He was 41. His death was announced on Saturday by his record label, Fu Music. The announcement did not say where Mr. Fong had died or specify a cause of death, but it said he had battled a “relentless illness” for five years.

Khalil Fong, a pioneering Hong Kong-based RnB singer, has died aged 41. A post on the star’s record label’s Facebook page confirmed Fong had died on February 21 after suffering from a ‘relentless illness for five years’.

Hong Kong musician Khalil Fong passed away at 41 on February 21 after a five-year illness. His music company stated that his legacy lives on through his art.