A property management service provider in the PRC, Riverine China Holdings Limited (stock code: 1417.HK), today announced the successful listing of the Company on the Main Board of The Stock Exchange of Hong Kong Limited.

Shares of Riverine China were actively traded on the first trading day. Its share price closed at HK$1.60 with an intra-day high of HK$1.63 per share, up HK$ 0.05 or 3.2% compared with the offer price of HK$1.55. A total of approximately 48.93 million shares were traded, with an aggregate turnover of approximately HK$ 77.12 million.

Mr. Xiao Xingtao, Chairman and Executive Director of Riverine China, said: "We are very honoured to be listed on the Main Board of the Hong Kong Stock Exchange. This is an important step for Riverine China – becoming a public listed company brings us new opportunities and challenges. This marks an important milestone in the Group’s development."

The 'Pujiang' brand is a reputable industry brand with a long-standing track record in Shanghai. The Company has a strong presence in the property management of public properties, including the engaged property management of World Expo Exhibition and Convention Center, National Exhibition and Convention Center, Hongqiao International Airport Eastern Transport Terminal, Shanghai South Railway Station City Power Square and Pudong Airport Maglev Station etc.. It is believed that by the experience in the industry of property management, the well-recognized brand and qualified professional property management services, the Company is able to seize more opportunities in the property management industry, further expand business in order to consolidate and enhance the market position.

Mr. Xiao Xingtao concluded: "The listing of Riverine China today marked an important milestone for the Company’s entry into the international capital market. We are honored to receive enthusiastic support from international investors during the global offering. We will adhere to our vision ‘We endow buildings with life while environment with vitality, and make a better future for cities’, to build a competitive property management brand with industry leadership and recognition."