16 January 2020
Kwung’s Holdings Limited (Stock Code: 1925.HK) successfully listed on the Main Board of the Hong Kong Exchange today. Blackwell Global Securities Limited acted as the joint lead manager and global coordinators for the Initial Public Offering of Kwung’s Holdings.
Founded in 1999, Kwung’s Holdings Limited is a leading original design manufacturer and supplier of home decoration products in China, supplying a host of international brands across Europe and North America. Its products which include candles, home aromatherapy and accessories are sold to more than 20 countries. According to the Financial Report, Kwung’s Holdings ranked second in China in terms of revenue from the manufacturing and sales of candles.
The offer price was HK$1.28 per share, and the number of offer share under the Global Offering was 115,000,000, which includes 85,000,000 International Offer Shares and 30,000,000 Hong Kong Offer Shares. The offering was oversubscribed with 17.66 times due to the Company’s solid foundation and the strong response among international and domestic investors.
Leveraging its market resources and network, Blackwell Global Securities demonstrated its strong capability to satisfactorily perform its role as the Lead Manager in this project. With cross-departmental support and concerted efforts, Blackwell Global Securities has made an important contribution to the successful listing of Kwung’s Holdings.
Blackwell Global Securities will continue to strengthen and focus on corporate finance and capital markets services, so as to assist its clients to further develop and expand their business through internal capital markets with a view to create greater value to all stakeholders.