Source: Media Outreach
Headline: B & S International Holdings Ltd. trading debut closed at HK$3.98 per share with an increase of around 300% as compared to the final offer price
HONGKONG, CHINA — Media OutReach – 14 Mar 2018 – B & S International Holdings Ltd. (the “Company”, together withits subsidiaries, the “Group”; stock code: 1705), a food and beverage company, announcesits successful listing on the Main Board of The Stock Exchange of Hong KongLimited (“SEHK”) today.
The closing price of the Company’s shares was HK$3.98 per share, which wasapproximately 298% higher than the finaloffer price of HK$1.00 pershare. The highest share price of the daywas HK$4.05 per share. On itsfirst trading day, trading volume of the sharesof the Company reached over 300 millionwith a total turnover of over HK$1 billion.
LegoCorporate Finance Limited is the Sole Sponsor. Lego Securities Limited is theSole Global Coordinator and the Joint Bookrunner. Kingsway Financial ServicesGroup Limited is the Joint Bookrunner and the Joint Lead Manager. China GalaxyInternational Securities (Hong Kong) Co., Limited and Brilliant NortonSecurities Company Limited are the Joint Lead Managers.
Commenting on the trading debut, Mr. Chan Kam Chuen Andrew, Chairman,Executive Director & Chief Executive Officer of the Company, said, “Thesuccessful listing of the Company’s share on the Main Board of SEHK is a proof of investors’ confidence in the development and future prospects of our distribution business and retailbusiness. We strive to capitalise on theinternational financing platform in Hong Kong, in order to further enhance ourbrand recognition and to capture greater market share in the food and beverage industry.”
About the Group
The Group isa well-established food and beverage company, with over 27 years of operatinghistory in Hong Kong. The Group has two business segments, namely thedistribution business and the retail business. The Group offers various foodand beverage products from over 100 brands during the past three years,including top brands such as “UHA” (味覺糖) under itsdistribution business. Currently, the Group operates 42 retail outlets andmanages one retail outlet under its retail business, including top retail brand“TenRen” (天仁茗茶), which ranked first in the tea drinks chain marketin Hong Kong by revenue for the period from 1 November 2016 to 31 October 2017.
Published and distributed with permission of Media-Outreach.com.