Gayety starts trading in HKEx's Growth Enterprise Management board

Company’s IPO closes at HK$1.50 per share on the first trading day.

Shares of Gayety Holdings Limited (“Gayety”) have commenced trading on the Growth Enterprise Management (“GEM”) Board of The Stock Exchange of Hong Kong Limited (“HKSE”) on Friday.

Gayety’s shares were actively traded and recorded positive price movements on Friday. Share price reached an intra-day high of HK$1.89 per share and closed at HK$1.50 per share, representing an increase of approximately 89% and 50% respectively compared to the placing price of HK$1.00 per share, according to a Gayety report.

Mr. Wong Kwan Mo, Chairman of Gayety, said, “The listing of Gayety’s shares today (Friday) marks an important milestone in the development of the Group. After listing, we will continue to develop our business and to accelerate our expansion in order to sustain the Group’s growth and deliver satisfactory returns to our shareholders.”