Hongkong Hongguang lighting today in the gem listing, intends to raise HK $37 million 400 thousand

Hong Kong stocks today (30) days in 2016 last IPO, the mainland LED lamp lighting the Hongguang production vendors listed on the gem, opened at HK $0.79, compared with a price of HK $0.63 to HK $0.16 or 25% liters. Chairman and chief executive officer of the board of directors, said Zhao Yiwen, Hong Kong stocks to become the last one is very happy".

According to relevant data, Hongguang lighting is mainly engaged in the design, development, manufacture and sale of LED lamp and LED lighting products. The past two years, Hongguang lighting performance is also good, as of 2014 and December 31, 2015 the two years, group revenue of about 110 million yuan and 118 million 700 thousand yuan, and annual profit of approximately RMB 5 million 400 thousand yuan and RMB 7 million 700 thousand yuan.

Executive director Chen Yongjian said, the company will gradually improve the production and sales, hopes to further improve the capacity utilization rate, do not worry about the intelligent mobile phone, tablet computer shipments to reduce the impact on the company's sales of LED lamp.

Asked about the recent volatility in the stock price of the gem, Chen Yongjian said that the stock market determined by the company is not too worried, but also that there is no plan to turn the motherboard.

Hongguang lighting by way of placing the listing on the gem, the sale of 100 million shares have been slightly oversubscribed, were allocated to 203 selected professional, institutional and other investors. Priced at HK $0.63. The company plans to raise about HK $37 million 400 thousand, mainly for the promotion of production capacity and recruitment of staff.

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