share_log

新股首日 | 荣利营造(09639)首挂上市 早盘低开31.51%

New stock first day | Honli Construction (09639) is listed for the first time, opening 31.51% lower in the morning.

Zhitong Finance ·  21:23

Rongli Construction (09639) was listed for the first time. According to the announcement, each share was priced at HK$0.73, and a total of 0.25 billion shares were issued. Each lot of 5,000 shares would be approximately HK$0.1497 billion. As of press release, it decreased by 31.51% to HK$0.5, with a turnover of HK$38.7323 million.

The Zhitong Finance App learned that Rongli Construction (09639) was first listed. The announcement showed that each share was priced at HK$0.73, and a total of 0.25 billion shares were issued, with a total of 5,000 shares per lot. The net proceeds would be approximately HK$0.1497 billion. As of press release, it decreased by 31.51% to HK$0.5, with a turnover of HK$38.7323 million.

According to reports, Rongli Construction is a large-scale Hong Kong contractor engaged in civil engineering and cable engineering, as well as solar photovoltaic system engineering. According to Frost & Sullivan's report, Wing Lee Construction is the largest cable and civil pipeline installation subcontractor in Hong Kong in 2023, with a market share of about 13.6% in terms of revenue for the 2023/24 fiscal year.

The company's civil engineering focuses on site preparation and road and drainage works, while cable engineering focuses on cable trenching, laying and connection projects. As far as solar photovoltaic system engineering is concerned, the company focuses on the design, installation and maintenance of solar photovoltaic systems. Second, during the track record period, in the few projects the company participated in (mainly Project #01), the company will temporarily lease machinery and trade construction materials from contractors and subcontractors.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment