HONG KONG–(BUSINESS WIRE)–WWPKG Holdings Company Limited (“WWPKG”, together with its subsidiaries, the “Group”; stock code: 8069), a leading travel agent in Hong Kong, announces its successful listing on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited (“GEM”) today.
The Company’s share price closed at HK$0.91 per share, which was approximately 13.8% higher than the final offer price of HK$0.80 per share. The highest share price of the day was HK$0.96 per share. On its first trading day, trading volume of the shares of the Company reached 144 million with a total turnover of approximately HK$132 million.
Lego Corporate Finance Limited is the Sole Sponsor and Great Roc Capital Securities Limited is the Sole Global Coordinator, Sole Bookrunner, and Sole Lead Manager of the Share Offer. Co-Managers of the Share Offer are Ample Orient Capital Limited, Bonus Eventus Securities Limited, Convoy Investment Services Limited and KGI Capital Asia Limited.
Commenting on the trading debut, Mr. Yuen Chun Ning, the Chief Executive Officer and executive Director of the Company, said, “The successful listing of the Company on the GEM marks an important milestone of the Group. It is a proof of the Group’s solid fundamentals. The response also shows investors’ confidence in our business development and future prospects. We strive to capitalise on the international financing platform in Hong Kong, in order to further strengthen our sales network, expand our staff team and enhance our brand recognition and awareness, as well as increase our market share by continuous development of new products and services, to capture greater market share in the outbound package tours, travel related products and services market in Hong Kong.”
About WWPKG Holdings Company Limited
WWPKG is founded in June 1979. The Group has become one of the long-established and well-known local travel agents, with 37 years of business in the travel service industry in Hong Kong under the brand “縱橫遊”. Its major business is the provision of outbound package tours with particular focus in Japan bound tours. The Group also offers other travel products and services to customers including free independent traveller (FIT) products and other ancillary travel related products and services.
Currently, the Group sells products and services through a number of channels including four branches in Causeway Bay, Tsim Sha Tsui, Mongkok and Shatin, as well as online sales platform. The Group also sells tailor made tours to customers through MICE tour department, as well as sells travel products to other travel agents in Hong Kong and Macau.
According to the industry research report, the Group was the second largest travel agent in Hong Kong in terms of number of travellers for package tours bound for Japan in 2015, and ranked eighth in terms of number of travellers for outbound package tours amongst the travel agents in Hong Kong which provided outbound package tours in 2015.