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HONG KONG, CHINA - Media OutReach - 26 September2019 - YingHai Group Holdings Company Limited ("Ying Hai Group", together with itssubsidiaries, the "Group"; stock code: 8668),a wholesale licensed travel agent and a car rental services provider based inMacau, announces its successful listing on the GEM of The Stock Exchange ofHong Kong Limited ("SEHK") today.
The closing price of Ying Hai Group's shares was HK$0.241 per share, which was approximately 0.42% higher than the final offer price ofHK$0.24 per share. The highest share price of the daywas HK$0.242 per share. Onits first trading day, trading volume of the shares of Ying Hai Group reached approximately 225 millionwith a total turnover of approximately HK$51.1 million.
Lego Corporate Finance Limited is theSole Sponsor. Lego Securities Limited is the sole bookrunner. Lego SecuritiesLimited and Great Roc Capital Securities Limited are the joint lead managers.
Commenting on the trading debut, Mr. Choi Wai Chan, Chairman, ChiefExecutive Officer and Executive Director of Ying Hai Group Holdings CompanyLimited, said, "The successful listing of Ying Hai Group's share on the GEM of SEHKtoday helps us to capture market opportunities. In the future, we will cooperate withmore hotel operators and travel agents, and expand our car fleet, to enhance ourbrand awareness and competitiveness."
About the Group
YingHai Group is a wholesale licensed travel agent and a car rental services providerbased in Macau offering to its customers a range of products and services whichinclude hotel rooms, car rental services and sales and provision of air ticketsand other ancillary travel-related products and services. It was one of the twocompanies in Macau which is able to provide both travel agent services andself-drive rent-a-car services.
For FY2017,FY2018 and 4M2019, the Group sold and distributed approximately 124,000,151,000 and 52,000 hotel rooms of over 40, 40 and 35 hotels in Macau,respectively, to accommodate the needs of various types of customer. During the Track Record Period, the Group sold anddistributed approximately 52,000, 63,000 and 19,000 hotel rooms of L'Arc HotelMacau.
