Source: Media Outreach
HONG KONG SAR – Media OutReach – 31 May 2023 – Yik Wo International Holdings Limited (HKEx stock code: 8659, the “Group” or “Yik Wo”) is pleased to announce that on today, the Group submitted a formal application to the Stock Exchange in respect of the Proposed Transfer of Listing to the Main Board, which will not involve any issue of new Shares.
Listed on the GEM in 2020, the Group engages in the design and development, manufacturing and sales of disposable plastic food storage containers. As at 13 December 2022, the Board appointed a financial advisor to evaluate the possibility of transferring the listing from GEM to the Main Board; As at 23 February 2023, the Board has appointed professional parties to proceed with the preparation of application for such transfer, and the formal application has been made to the Stock Exchange at the date of the announcement.
Mr. Xu Youjiang, Chairman and Executive Director of the Group, remarked, “Yik Wo has been listed on GEM for approximately three years. Thanks to the effort made by the team, the Group has successfully expanded its business and size. Through the Transfer of Listing to the Main Board, we hope to further promote the Group’s corporate profile and recognition among the investor public, which would be beneficial to the future growth, financing flexibility and business development of the Group, and will create a long-term value to the Shareholders. The Group will make further announcements in due course to ensure shareholders and potential investors are informed of the progress of the matter.”
Hashtag: #YikWoInternational
The issuer is solely responsible for the content of this announcement.
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