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HONGKONG, CHINA - MediaOutReach - 16 October 2019 - CR Construction Group Holdings Limited ("CR Construction", togetherwith its subsidiaries, the "Group"; stock code: 1582.HK), the third largestmain building contractor in Hong Kong in 2018[1],is pleased 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$1.15 per share, which was 15%higher than the final offer price of HK$1.0 pershare. The highest share price of the day wasHK$2.78 per share. On its first trading day, tradingvolume of the shares of the Company reached approximately 114.5 million with a total turnover of over HK$201 million.
First Shanghai Capital Limited isthe Sole Sponsor, while First Shanghai Securities Limited, ZhongtaiInternational Securities Limited, First Capital Securities Limited, GuotaiJunan Securities (Hong Kong) Limited and Haitong International SecuritiesCompany Limited are the Joint Bookrunners and the Joint Lead Managers. LivermoreHoldings Limited, CVP Securities Limited and Zinvest Global Limited are theJoint Lead Managers.
Commenting on thetrading debut, Mr. GUAN Manyu, Chairmanand executive Director of the Group, said, "The successful listing of theCompany's shares on the Main Board of SEHK is a proof of investors' confidence in the developmentand future prospects of our 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 construction industry."
About CR Construction Group Holdings Limited
Established in 1967, the Group is one of the leading buildingcontractors in Hong Kong with over 50 years of experience. The Group principallyacts as a main contractor in building construction works and RMAA worksprojects across public and private sectors in Hong Kong. According to the CICReport, it ranked the third among all main contractors in Hong Kong in terms ofrevenue from building construction works for the year ended 31 December 2018with a market share of approximately 5.2%.
