First Day Closed at HK$1.57, HK$0.81 Higher Than the Offer Price; Representing an Increase of 106.58 %
HONG KONG – (ACN Newswire) – Ziyuanyuan Holdings Group Limited (“Ziyuanyuan Holdings” or the “Company”, together with its subsidiaries, the “Group”, stock code: 8223.HK), a finance leasing service provider to SMEs in the PRC, today announced the successful listing of the Company on the GEM Board of The Stock Exchange of Hong Kong Limited (“SEHK”). Shares of Ziyuanyuan Holdings were actively traded on the first trading day. Its share price closed at HK$1.57 with an intra-day high of HK$1.75 per share, up 106.58% compared with the offer price of HK$0.76. A total of approximately 36.60 million shares were traded, with an aggregate turnover of approximately HK$55.12 million.
Mr. Zhang Junshen, Chairman, Chief Executive Officer and Executive Director of Ziyuanyuan Holdings Group Limited, said, “We are very grateful for the support and attention from all the investors. Getting listed on the Hong Kong Stock Exchange is an important milestone in the Company’s development. The keen response to our share offer proves investors’ trust in the Company. Listing in Hong Kong does not only allow the company to enter into an international capital platform but also provides sufficient funds for the long-term development of the company to grasp future development opportunities in the industry. Ziyuanyuan Holdings will continue to strengthen our key market player position in the finance leasing industry in China and leverage on our competitive advantages in customized service provision, prudent risk management and our OA system, to enhance our overall competitiveness and market shares, further strengthen our market position in our target industries of printing and logistics in China, and generate investment returns for our shareholders and drive our sustainable growth.”
Mr. Zhang Junshen concluded, “The listing of Ziyuanyuan Holdings today marked an important milestone for the Company’s entry into the international capital market. We are honored to receive enthusiastic support from international investors during the global offering.With our leading market position and long-term innovative growth strategy, Ziyuanyuan Holdings will be able to capture these opportunties and explore new business opportunities and markets.”
July 9, 2018 19:31 HKT/SGT
Topic: Press release summary
Sectors: Daily Finance, Daily News
From the Asia Corporate News Network
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