Superland Group Holdings Limited trading debut Closed at HK$0.7 per share with an increase of approximately 11% as compared to the final offer price
HONG KONG, July 17, 2020 /PRNewswire/ -- Superland Group Holdings Limited ("Superland Group" or the "Company", together with its subsidiaries, the "Group"; stock code: 0368.HK), a leading established contractor based in Hong Kong, is pleased to announce its successful listing on the Main Board of The Stock Exchange of Hong Kong Limited ("SEHK") today.
The closing price of the Company's shares was HK$0.7 per share, which was approximately 11% higher than the final offer price of HK$0.63 per share. The highest share price of the day was HK$0.9 per share. On its first trading day, trading volume of the shares of the Company reached approximately 61.1 million with a total turnover of approximately HK$49.0 million.
Lego Corporate Finance Limited is the Sole Sponsor. Lego Securities Limited and Business Securities Limited are the Joint Global Coordinators, Joint Bookrunners and Joint Lead Managers. HK Monkey Securities Limited is a Joint Bookrunner and Joint Lead Manager. China Tonghai Securities Limited, Orient Securities Limited, Realord Asia Pacific Securities Limited, Lee Go Securities Limited, Giraffe Capital Limited and Maxa Capital Limited are the Joint Lead Managers.
Commenting on the trading debut, Mr. Ng Chi Chiu, Chairman, CEO and executive Director of the Group, said, "The successful listing of the Company's shares on the Main Board of SEHK is a proof of investors' confidence in the development and future prospects of our business. We strive to capitalise on the international financing platform in Hong Kong, in order to further enhance our brand recognition and to capture greater market share in the local fitting-out works industry."
About the Superland Group Holdings Limited
Superland Group Holdings Limited is an established contractor based in Hong Kong with over 15 years of operating history providing fitting-out services and repair and maintenance services. It has provided services for a number of prominent property projects of established property developers in Hong Kong, including Victoria Harbour Residence, Phase IV of LOHAS Park, St. Martin, Victoria Dockside, Fleur Pavilia, Mount Pavilia and The Spectra. According to the Frost & Sullivan Report, the Group ranked third among fitting-out contractors in Hong Kong market with a market share of approximately 1.2% in 2018 in terms of revenue.