Sino Harbour starts trading shares in the Main Board of SEHK

Share price increased 2.73% over initial offer as it closed at HK$1.13 per share.

Sino Harbour Property Group Limited (“Sino Harbour”), a developer of residential and commercial properties in the fast growing cities in Jiangxi Province, the PRC, commenced trading on the Main Board of the Stock Exchange of Hong Kong on Friday.

Sino Harbour’s shares recorded a price movement on Friday. Its share price reached an intra-day high of HK$1.23 per share and closed at HK$1.13 per share, approximately 11.82% and 2.73% higher than the offer price of HK$1.1 per share respectively. A total of approximately 12.9 million shares changed hands on turnover of approximately HK$14.7 million, according to a Sino Harbour report.

Mr Shi Feng, Chief Executive Officer of Sino Harbour, said, “We are delighted at the positive reception for our IPO today, and thanks investors for their confidence in our company. The listing of our shares today (Jul 22) marks the beginning of a new chapter for Sino Harbour. The funds raised will accelerate our business development in the coming years. We will strive to advance our business forward aiming to bring satisfactory returns to our shareholders”