HONG KONG SAR – Media OutReach Neswire – January 12, 2024 –
WellCell Holdings Co., Limited (“WellCell” or the “Company”; together with its subsidiaries, the “Group”, stock code: 2477), a comprehensive provider of telecommunications network support and ICT integration services and software developer in the PRC, is successfully listed on the main board of the Hong Kong Stock Exchange Limited (“HKEX”) today.
Caption: Mr. Jia Zhengyi, Executive Director, Chairman and CEO of WellCell (4th from right), Mr. Kang Hong, Deputy Secretary-General of Zhuhai Municipal People’s Government (3rd from right). Mr. Cong Bin, Executive Director (2nd from left), Mr. Lin Qihao, Non-executive Director (3rd from left), Mr. Yu Tao, Deputy General Manager (2nd from right), Ms. Chen Shenmao, Deputy General Manager and Controller financier (4th from left), co-sponsors Mr. Derek Chan of Halcyon Capital (1st from right) and Mr. Thomas Yu, Managing Director of Eddid Capital (1st from left), attended the listing ceremony.
With an offering price of HK$1.00 per share, WellCell closed at HK$2.64 per share, a significant increase of 164% from the offering price, reflecting the enthusiastic response from the investment community. investors.
Halcyon Capital Limited and Eddid Capital Limited, part of Eddid Financial Group, are co-sponsors. As part of Eddid Financial Group, Eddid Securities and Futures Limited is the sole general coordinator, joint global coordinator, joint bookrunner and joint lead manager. Halcyon Securities Limited, China Everbright Securities (HK) Limited, Beta International Securities Limited, CMBC Securities Company Limited, China PA Securities (Hong Kong) Company Limited and Quam Securities Limited are the joint global coordinators, joint bookrunners and heads of file spouses. Maxa Capital Limited, SBI China Capital Financial Services Limited, SPDB International Capital Limited, Innovax Securities Limited, Cinda International Capital Limited, Patrons Securities Limited, ZMF Asset Management Limited and Goldlink Securities Limited are the joint lead managers.
The Group intends to use the net proceeds from the Global Offering to finance the initial financing requirements of its future ICT integration projects, pursue new research and development initiatives, increase its project management workforce to meet the company’s anticipated expansion plans and growth, fund its sales and marketing financing needs for expansion of the workforce and marketing activities, to repay a portion of its bank loans and for its general working capital needs.
Mr. Jia Zhengyi, Executive Director, Chairman and CEO of WellCell said: “WellCell’s successful listing on the HKEX Main Board today marked a significant milestone for the Company. We are very honored that the stock offering has been well received by all investors. In the future, as a comprehensive telecommunications network support and ICT integration service provider in the PRC, WellCell will continue to improve our core competitive advantages, accelerate our business growth, seize opportunities, to increase our market share and continue to strive to generate substantial returns for our partners, shareholders and investors.
Hashtag: #GoodCell
The issuer is solely responsible for the content of this announcement.
