B & S trading debut closes at 300% higher than the final offer price

Food and beverage company B & S International Holdings Ltd announced its successful listing on the Main Board of The Stock Exchange of Hong Kong Limited (SEHK) on March 14.

The closing price of the company's shares was HK$3.98 per share, which was approximately 298% higher than the final offer price of HK$1.00 per share. The highest share price of the day was HK$4.05 per share. On its first trading day, trading volume of the shares of the Company reached over 300 million with a total turnover of over HK$1 billion.

Lego Corporate Finance Limited is the sole sponsor. Lego Securities Limited is the sole global  coordinator and the joint bookrunner. Kingsway Financial Services Group Limited is the joint bookrunner and the joint lead manager. China Galaxy International Securities (Hong Kong) Co. Limited and Brilliant Norton Securities Company Limited are the joint lead managers.

Commenting on the trading debut, Andrew Chan, Chairman, Executive Director & Chief Executive Officer of the Company, 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 distribution business and 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 food and beverage industry."

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