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Sabtu, 16 Februari 2019 14:43:00

Palace Banquet Holdings Limited Ltd. Trading Debut Closed at HK$0.61 Per Share with an Increase of Around 22% as Compared to The Final Offer Price

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HONG KONG, CHINA,  - 15 February 2019 - Palace Banquet Holdings Limited ("Palace Banquet", together with its subsidiaries, the "Group"; stock code: 1703),a full-service restaurant group in Hong Kong offering Cantonese dining service and banquet service, announces its successful listing on the Main Board of The Stock Exchange of Hong Kong Limited ("SEHK") today. 
 
The closing price of Palace Banquet's shares was HK$0.61 per share, which was approximately 22% higher than the final offer price of HK$0.50 per share. The highest share price of the day was HK$0.69 per share. On its first trading day, trading volume of the shares of Palace Banquet reached approximately 240 million with a total turnover of approximately HK$146 million.
 
Shenwan Hongyuan Capital (H.K.) Limited is the Sole Sponsor. Shenwan Hongyuan Capital (H.K.) Limited and Opus Capital Limited are the Joint Global Coordinators. Shenwan Hongyuan Capital (H.K.) Limited, Opus Capital Limited and Haitong International Securities Company Limited are the Joint Bookrunners and Joint Lead Managers. Elstone Securities Limited and Great Roc Capital Securities Limited are the Co-Lead Managers.
 
Commenting on the trading debut, Mr. Chan Shou Ming, Chairman and Executive Director of Palace Banquet Holdings Limited, said, "The successful 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 business. On this international financing platform, we are confident to further enhance our brand recognition and to capture greater market share in catering market in Hong Kong." (*).


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