Share price closes at HK$1.14 per share on the first day of listing, approximately 3.6% above the offer price.
Dragon Crown Group Holdings Limited (“Dragon Crown”), a leading integrated terminal service provider in the PRC specialising in the storage and handling of liquid chemical products, commenced trading on the Main Board of The Stock Exchange of Hong Kong on Friday.
Dragon Crown’s share price closed at HK$1.14 per share on Friday and reached an intra-day high of HK$1.16 per share, representing an increase of approximately 3.6% and 5.5% respectively compared to the offer price of HK$1.10 per share, according to a Dragon Crown report.
Mr Ng Wai Man, Chairman and Executive Director of Dragon Crown, said, “The listing of our shares today marks the beginning of a new chapter for Dragon Crown Group. The proceeds are to be used to expand our operation scale in the Nanjing Chemical Industry Park by establishing new jetty, storage tanks and other logistic infrastructure in order to capture more business opportunities. We intend to advance our business thereby bringing sustainable and fruitful returns to our shareholders.”
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