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Ying Hai Group Holdings Company Limited trading debut closed at HK$0.241 per share with an increase of around 0.42% as compared to the final offer price

HONG KONG, CHINA - Media OutReach - 26 September
2019 - Ying
Hai Group
Holdings Company Limited ("Ying Hai Group", together with its
subsidiaries, the "Group"; stock code: 8668),
a wholesale licensed travel agent and a car rental services provider based in
Macau, announces its successful listing on the GEM of The Stock Exchange of
Hong Kong Limited ("SEHK") today. 

 

The closing price of Ying Hai Group's shares was HK$0.241 per share, which was approximately 0.42% higher than the final offer price of
HK$0.24 per share. The highest share price of the day
was HK$0.242 per share. On
its first trading day, trading volume of the shares of Ying Hai Group reached approximately 225 million
with a total turnover of approximately HK$51.1 million.

 

Lego Corporate Finance Limited is the
Sole Sponsor. Lego Securities Limited is the sole bookrunner. Lego Securities
Limited and Great Roc Capital Securities Limited are the joint lead managers.

 

Commenting on the trading debut, Mr. Choi Wai Chan, Chairman, Chief
Executive Officer and Executive Director of Ying Hai Group Holdings Company
Limited,
said, "The successful listing of Ying Hai Group's share on the GEM of SEHK
today helps us to capture market opportunities. In the future, we will cooperate with
more hotel operators and travel agents, and expand our car fleet, to enhance our
brand awareness and competitiveness."

About the Group

Ying
Hai Group
is a wholesale licensed travel agent and a car rental services provider
based in Macau offering to its customers a range of products and services which
include hotel rooms, car rental services and sales and provision of air tickets
and other ancillary travel-related products and services. It was one of the two
companies in Macau which is able to provide both travel agent services and
self-drive rent-a-car services.

 

For FY2017,
FY2018 and 4M2019, the Group sold and distributed approximately 124,000,
151,000 and 52,000 hotel rooms of over 40, 40 and 35 hotels in Macau,
respectively, to accommodate the needs of various types of customer.
During the Track Record Period, the Group sold and
distributed approximately 52,000, 63,000 and 19,000 hotel rooms of L'Arc Hotel
Macau.

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