Best Mart 360 Holdings Limited Trading Debut

January 11, 2019 - 11:46
Best Mart 360 Holdings Limited Trading Debut

Closed at HK$1.17 Per Share with an Increase of 17% as Compared to the Final Offer Price

 

HONGKONG, CHINA - MediaOutReach - 11 January 2019 - Best Mart 360 Holdings Limited ("Best Mart 360" or the "Company",together with its subsidiaries, the "Group"; stock code: 2360.HK), the secondlargest leisure food retailer in Hong Kong for the year ended 31 March 2018, ispleased to announce its successful listing on the Main Board of The StockExchange of Hong Kong Limited ("SEHK") today. 

 

The closing price of theCompany's shares was HK$1.17 per share, which was 17%higher than the final offer price of HK$1.0 pershare. The highest share price of the day wasHK$1.28 per share. On its first trading day, tradingvolume of the shares of the Company reached approximately 177 million witha total turnover of over HK$205 million.

 

LegoCorporate Finance Limited is the Sole Sponsor, while Lego Securities Limited isthe Sole Bookrunner.

 

Commenting on thetrading debut, Mr. Lin Tsz Fung,Chairman and executive Director of the Group, said, "The successful listingof the Company's share on the Main Board of SEHK is a proof of investors' confidence in the developmentand future prospects of our retail business. Westrive to capitalise on the international financing platform in Hong Kong, inorder to further enhance our brand recognition and to capture greater marketshare in the local leisure food industry."

 

About Best Mart 360 Holdings Limited

Best Mart 360 Holdings Limited, the second largestleisure food retailer in Hong Kong for the year ended 31 March 2018, mainly operates chain retail stores under the brand "Best Mart 360˚".It offers wide collection of imported prepackaged leisure foods and othergrocery products, principally from overseas. The Group's business objective isto offer "Best Quality" and "Best Prices" products to customers throughcontinuous efforts on global procurement with a mission to provide comfortableshopping environment and pleasurable shopping experience to customers.

 

As at 19 December 2018, the Group operates 85retail stores that are strategically located at 18 districts in Hong Kong. TheGroup sourced their products of around 495 brands and 1,960 SKUs from differentoverseas suppliers mainly from Europe, US, Japan, Korea and South East Asia andimporters in Hong Kong.


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