|
|
|
|
|
|
Closes at HK$2.8 per Share on The First Trading Day Approximately 6.4 Times Higher Than Placing Price
|
HONG KONG, Mar 18, 2015 - (ACN Newswire) - ICO Group Limited ("ICO Group" or the "Group" ; stock code: 8140), a leading IT solutions and services provider in Hong Kong, commenced dealing on the Growth Enterprise Market ("GEM") of The Stock Exchange of Hong Kong Limited ("HKSE") today.
 | | ICO Group Limited Commences Trading on the GEM of HKSE |
The shares of ICO Group were actively traded today and achieved a satisfactory price performance. The intra-day high was HK$5.0 per share and the closing price was HK$2.8 per share, representing an increase of approximately 12.2 times and 6.4 times respectively compared to the placing price of HK$0.38 per share.
Mr. Yong Man Kin, Chairman and Executive Director of ICO Group said, "With more than 20 years of experience in Hong Kong, we are pleased to witness the Group marking a remarkable milestone with the listing on the HKSE today. The listing will not only enhance our capital base, but more importantly, it will also enhance our corporate image and reputation, strengthen customers' confidence and recognition. ICO Group has been devoted to providing comprehensive IT services to cater our customers' needs. Leveraging our management's ample operating experiences, together with a diversified client base and stable relationships with our business partners, we believe we are well-poised to capture more market opportunities.
A total of 250,000,000 placing shares are issued under the placing. Based on the placing price of HK$0.38 per share, the net proceeds of the placing are estimated to be approximately HK$75.5 million after deducting related expenses. Shares of ICO Group will be traded in board lots of 8,000 shares. New Spring Capital Limited is the Sole Sponsor and Quam Securities Company Limited is the Sole Lead Manager of the placing.
"ICO Group has always strived to provide one-stop IT services to our customers adhering to our customer-oriented commitment. Facing the challenges in the ever changing market, we are ready to grasp the opportunities of continuously developing Hong Kong IT service industry to reinforce the Group's leadership in the market, as well as to further increase our market share, thus creating promising returns for shareholders," Mr. Yong concluded.
Photo caption
From Left to Right:
ICO Group Limited, Independent Non-executive Director, Ms. Chan Mee Yee
New Spring Capital Limited, Managing Director, Mr. Lui Ho Ming
Hong Kong Exchanges and Clearing Limited, Managing Director, IPO Transactions Department, Listing Division, Ms. Grace Kan
ICO Group Limited, Independent Non-executive Director, Ms. Kam Man Yi, Margaret
ICO Group Limited, Non-executive Director, Mr. Chan Kwok Pui
ICO Group Limited, Non-executive Director, Mr. Tam Kwok Wah
ICO Group Limited, Chairman and Executive Director, Mr. Yong Man Kin
Hong Kong Exchanges and Clearing Limited, Listing Committee Member, Mr. Liu Ting An
ICO Group Limited, Chief Executive Officer and Executive Director, Mr. Lee Cheong Yuen
Intellectual Capital Outsourcing Ltd., Administration Officer, Ms. Seatia Ladda
ICO Technology Limited, Managing Director, Mr. Walter Leung
ICO Technology Limited, General Manager, Mr. Jonathan Ho
Hong Kong Exchanges and Clearing Limited, Vice President, Client Business Development, Mr. Michael Chan
Contact:
One PR Limited
Tel: +852 2592 7223
Email: inquiry@onepr.com.hk
Topic: Press release summary
Source: ICO Group Limited
Sectors: Daily Finance, Daily News
https://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
|
|
|
|
|
|
|
|
