HONG KONG--(BUSINESS WIRE)--EFT Solutions Holdings Limited (the “ Company”, together with its subsidiaries, the “Group”; stock code: 8062), a leading electronic fund transfer at point-of-sale (“EFT-POS”) solution provider in Hong Kong, announces its successful listing on the Growth Enterprises Market of The Stock Exchange of Hong Kong Limited (“GEM”) today.
The Company’s share price closed at HK$0.69 per share, which was approximately 23.2% higher than the final offer price of HK$0.56 per share. The highest share price of the day was HK$0.78 per share. On its first trading day, trading volume of the shares of the Company reached 232.6 million with a total turnover of approximately HK$162 million.
Lego Corporate Finance Limited is the sole sponsor and Quam Securities Company Limited is the sole bookrunner and the sole lead manager of the public offer and placing of the shares of the Company on GEM.
Commenting on the trading debut, Mr. LO Chun Kit Andrew, the Chairman, Chief Executive Officer and the 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 manpower and capture greater market share in the EFT-POS solution provider industry in Hong Kong.”
About EFT Solutions Holdings Limited
The Company is a leading EFT-POS solution provider in Hong Kong, with three business streams including sourcing of EFT-POS terminals and peripheral devices, EFT-POS System Support Service and software solution services.
According to Frost & Sullivan, in 2015, the Group ranked first in terms of revenue of EFT-POS solution providers providing EFT-POS System Support Service with a market share of 54.0% in Hong Kong. The Group also ranked first in terms of revenue of sales of EFT-POS terminals and peripheral devices with a market share of 57.1% in Hong Kong in 2015.