HONG KONG, CHINA - - 15 October 2018 - Grand Talents Group Holdings Limited (the "Grand Talents Group", together with its subsidiaries, the "Group"; stock code: 8516), a local subcontractor engaged in civil engineering works, announces its successful listing on GEM of The Stock Exchange of Hong Kong Limited ("SEHK") today. 

 

The closing price of the Grand Talents Group's shares was HK$0.75 per share, which was 87.5% higher than the final offer price of HK$0.40 per share. The highest share price of the day was HK$0.76 per share. On its first trading day, trading volume of the shares of the Grand Talents Group reached approximately 47 million with a total turnover of over HK$24.7 million.

 

Pulsar Capital Limited is the Sole Sponsor. Sun International Securities Limited is the Sole Bookrunner and the Joint Lead Manager. Elstone Securities Limited is the Joint Lead Manager. 

 

Commenting on the trading debut, Mr. Ha Chak Hung, Chairman and Executive Director of Grand Talents Group Holdings Limited, said, "the successful listing of the Grand Talents Group's share on GEM of SEHK is a proof of investors' confidence in the future prospects of the Group. 

 

We strived to capitalise on the international financing platform, to further enhance the Group's recognition and cater for the growing demand and capture opportunities from the increase of Government expenditure in the civil engineering industry." (mor/*).