(MENAFN - Media Out Reach) Best Mart 360 Holdings Limited Trading Debut Closed at HK$1.17 Per Share with an Increase of 17% as Compared to the Final Offer Price
KONG, CHINA - Media
OutReach -11 January 2019 - Best Mart 360 Holdings Limited ("Best Mart 360" or the "Company",
together with its subsidiaries, the "Group"; stock code: 2360.HK), the second
largest leisure food retailer in Hong Kong for the year ended 31 March 2018, is
pleased to announce its successful listing on the Main Board of The Stock
Exchange of Hong Kong Limited ("SEHK") today.
The closing price of the
Company's shares was HK$1.17 per share, which was 17%
higher than the final offer price of HK$1.0 per
share. The highest share price of the day was
HK$1.28 per share. On its first trading day, trading
volume of the shares of the Company reached approximately 177 million with
a total turnover of over HK$205 million.
Corporate Finance Limited is the Sole Sponsor, while Lego Securities Limited is
the Sole Bookrunner.
Commenting on the
trading debut, Mr. Lin Tsz Fung,
Chairman and executive Director of the Group, 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 retail business. We
strive to capitalise on the international financing platform in Hong Kong, in
order to further enhance our brand recognition and to capture greater market
share in the local leisure food industry."
About Best Mart 360 Holdings Limited Best Mart 360 Holdings Limited, the second largest
leisure food retailer in Hong Kong for the year ended 31 March 2018, mainly operates chain retail stores under the brand "Best Mart 360˚".
It offers wide collection of imported prepackaged leisure foods and other
grocery products, principally from overseas. The Group's business objective is
to offer "Best Quality" and "Best Prices" products to customers through
continuous efforts on global procurement with a mission to provide comfortable
shopping environment and pleasurable shopping experience to customers.
As at 19 December 2018, the Group operates 85
retail stores that are strategically located at 18 districts in Hong Kong. The
Group sourced their products of around 495 brands and 1,960 SKUs from different
overseas suppliers mainly from Europe, US, Japan, Korea and South East Asia and
importers in Hong Kong.