(Hong Kong, 11 December 2015) – Ten Pao Group Holdings Limited (“Ten Pao” or “the Group”), a leading one-stop manufacturer of switching power supply units in the PRC, commenced trading on the Main Board of The Stock Exchange of Hong Kong Limited (“SEHK”) today. Stock code is 1979.
The share price of Ten Pao closed at HK$1.22 per share, representing a significant increase of 122% compared to the offer price of HK$0.55 per share. The total transaction amount was approximately HK$7,840.5 million.
Mr. Hung Kwong Yee, Chairman, Executive Director and Chief Executive Officer of Ten Pao, said, “Being the leading one-stop manufacturer of switching power supply units in the PRC, Ten Pao has grown steadily in the past three decades. We believe that the listing will bolster our financial capabilities and provide an ideal platform for us to seize emerging opportunities. The successive launch of new electronic products and smartphones will fuel the growth of switching power supply units in the future. By expanding designed production capacity and enhancing R&D, sales and marketing efforts, the Group is well prepared to capitalize on the massive opportunities tare arising from the rapid development of switching power supply units, enabling it to achieve record performances.”
Mr. Hung Kwong Yee, Chairman, Executive Director and Chief Executive Officer of Ten Pao at the gong hitting ceremony at HKEx.
About Ten Pao Group Holdings Limited
Ten Pao Group Holdings Limited is a leading one-stop manufacturer of switching power supply units in the PRC and has more than 30 years of experience in the power supply industry. Its clienteles include many leading and fast growing international brands. Ten Pao is equipped with strong R&D capabilities and is one of the few manufacturers that have its own CNAS-accredited testing laboratory, which enables it to transform with the change of the technology market while it develops and produces diversified products catering to the specifications of clients’ new products.
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