On 22 August 2018, Golden Ponder Holdings Limited (Stock Code: 1783) had its H shares successfully listed on the main board of the Hong Kong Stock Exchange.
Golden Ponder Holdings Limited principally provides superstructure building and RMAA works services, which refers to the repair, maintenance, alternation and addition works for an existing structure, as a main contractor in Hong Kong since 1985. Superstructure building works mostly consists of development projects for residential and commercial buildings. The shares were initially offered under the public offer and placing. The public offer shares have been approximately 723 times over-subscribed. The final offer price has been determined at HK$0.55 per share. The net proceeds from the share offer, after deducting the underwriting commissions and other expenses in connection with the share offer, is estimated to be approximately HK$78.5 million.
Guantao Hong Kong office acted as the Hong Kong legal counsel to the issuer, providing legal advice on all aspects of the HK listing. The project was led by partner George Lee.