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HONG KONG, Mar 27, 2018 - (ACN Newswire) - Telecom Service One Holdings Limited ("TSO", together with its subsidiaries, "the Group"; stock code: 3997) is pleased to announce that trading of its shares on the Main Board of the Stock Exchange of Hong Kong Limited ("SEHK") has commenced today on 27 March 2018 under the new stock code 3997. The last trading day of the Group's shares on GEM under the old stock code 8145 was 26 March 2018.
 | | Telecom Service One Holdings Limited has successfully transferred listing from GEM to the Main Board. A group photo of Mr. Cheung King Shan, Non-executive Director, Mr. Cheung King Shek, Chairman and Non-executive Director, Mr. Cheung King Fung Sunny, Chief Executive Officer & Executive Director and Mr. Cheung King Chuen Bobby, Non-executive Director of Telecom Service One Holdings Limited (from left to right). |
The Group is a well-established repair services provider in Hong Kong. It operates eight service centres in Hong Kong and Macau which mainly provide repair and refurbishment services for mobile phones and other personal electronic products as well as sale of related accessories and products. The Group's repair and refurbishment services primarily cover mobile phones, pagers, two-way mobile data communication devices, personal computers, tablet computers, portable media players, video game consoles and handheld game consoles. The Group has maintained a close relationship with its customers. As at March 2018, the Group is appointed by 16 corporate customers to act as their service provider, including a number of multinational mobile phone and personal electronics product manufacturers, telecommunications service provider and global services companies. The Group has obtained ISO 9001:2015 certification - Quality Management System in April 2017, which helps to lay a solid foundation for strengthening the Group's corporate governance and compliance management, thus supporting its further expansion.
The Group's revenue for the nine months ended 31 December 2017 was approximately HK$76,811,000. Gross profit increased by 14.9% year-on-year to HK$40,656,000 and gross profit margin reached a new high of about 52.9%. Profit for the period was HK$20,479,000, representing an increase of 43.9% when compared with the same period of last year.
Mr Cheung King Shek, Chairman and Non-executive Director of Telecom Service One Holdings Limited, said, "The Group has been operating since 1999. After years of development, we are now a well-established repair services provider in Hong Kong. The Group was listed on GEM in May 2013 while today we have transferred our listing from GEM to the Main Board successfully, signifying another major milestone in the Group's development. Our listing on the Main Board not only can enhance the Group's image, but also can positively influence its future growth, financing flexibility and business development. We will continue to strengthen our market position and enlarge our market share, along with actively seeing and seizing market opportunities in order to generate long-term value for shareholders."
Looking ahead, the Group will continue to streamline its management process, integrate its external and internal resources and enhance its business process and management models, so as to develop its core business. The Group will also enhance the scope of its repair and refurbishment services, strengthen its product knowledge and technological capabilities, so as to drive business growth.
About Telecom Service One Holdings Limited (Stock Code: 3997)
Starting operation since 1999, Telecom Service One is one of the leading providers of repair services for mobile phones in Hong Kong. It operates eight service centres in Hong Kong and Macau. The Group primarily provides repair and refurbishment services for mobile phones and other personal electronics products as well as sales of related accessories. The Group has been appointed by a number of multinational corporate customers (including manufacturers of mobile phones and personal electronics products, telecommunications service provider and global services companies) as authorized service provider to provide repair and refurbishment services for their products. The Group has successfully obtained ISO 9001:2015 certification - Quality Management System in April 2017. The Group was listed on the GEM board of the Stock Exchange of Hong Kong Limited in May 2013 and has successfully transferred to the Main Board in March 2018.
For more information about TSO, please visit: http://www.tso.cc/
Media Enquiries:
Strategic Financial Relations Limited
Iris LEE +852 2864 4829 iris.lee@sprg.com.hk
Joanne LAM +852 2864 4816 joanne.lam@sprg.com.hk
Janet FONG +852 2864 4817 janet.fong@sprg.com.hk
Topic: Press release summary
Source: Telecom Service One Holdings Limited
Sectors: Telecoms, 5G, Daily Finance, Daily News
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From the Asia Corporate News Network
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