KONG, CHINA - Media
OutReach - 15
October 2018 - Grand Talents Group
Holdings Limited (the "Grand Talents Group",
together with its subsidiaries, the "Group"; stock code: 8516), a local subcontractor engaged in
civil engineering works, announces its successful listing on GEM of The Stock
Exchange of Hong Kong Limited ("SEHK") today.
The closing price of the Grand
Talents Group's shares was HK$0.75
per share, which was 87.5% higher than the final offer price
of HK$0.40 per share. The highest share price
of the day was HK$0.76 per share. On its first trading day, trading volume of the shares of the Grand Talents
Group reached approximately 47 million
with a total turnover of over HK$24.7 million.
Pulsar Capital Limited is the Sole
Sponsor. Sun International Securities Limited is the Sole Bookrunner
and the Joint Lead
Manager. Elstone Securities Limited is the Joint Lead Manager.
Commenting on the trading debut, Mr. Ha Chak Hung, Chairman and Executive Director of Grand
Talents Group Holdings Limited, said, "the successful listing of the Grand
share on GEM of SEHK is a proof of investors' confidence in the
of the Group. We strived to capitalise on
the international financing platform, to further enhance the Group's
recognition and cater for the growing demand and capture opportunities from the
increase of Government expenditure in the civil engineering industry."
About Grand Talents Group Holdings Limited
Grand Talents Group Holdings Limited is a civil engineering
subcontractor with over eight years of experience in Hong Kong. It principally
repairs and maintains structures of roads and highways in Hong Kong. Since 2013, it has extended its services to the construction of
sewerage, waterworks and barrier-free access facilities. Grand Talents Group
recorded approximately HK$91.8 million of total revenue for the year ended 31
March 2018. The Group intends to compete for repair and maintenance projects in
other regions in Hong Kong, to enhance its market and seize the opportunity of
Government expenditure in the civil engineering industry.