Kwong Man Kee (8023) Debuts on GEM of SEHK Share Price Closes at HK$0.5, Up 16%
Kwong Man Kee Group Limited (8023.HK), an established contractor in the Hong Kong car park flooring industry, was successfully listed on the Growth Enterprise Market on 13 Oct 2016. PR ASIA has illustrated critical support for the Group’s debut on the GEM through a series of marketing events, such as briefing with financial media, so as to capture intense public interests. The Group successfully gained exposure on its core business, investment value, competitive edges and potential prospects in the market.
PR ASIA has turned Kwong Man Kee’s stock market launch into an effective communication campaign. The Group’s lay the foundation in the capital market with PR ASIA’s team of professionals, strong media network and tactful PR strategies.
Kwong Man Kee issued a total of 150 million shares at HK$0.43 per share by way of 30% Public Offer and 70% Placing. The share price of the Group reached an intra-day high of HK$0.54 and closed at HK$0.50 per share, approximately 16% higher than the offer price. Kwong Man Kee’s outstanding price growth has outperformed the overall market on Hang Seng indicators which recorded 1.61% drop for the day.