Hebei Construction Successfully Listed on the Main Board of The Stock Exchange of Hong Kong
Latest Update:
15 th December, 2017

 

Hebei Construction Group Corporation Limited (stock code: 1727.HK), a leading non-state owned construction group in China, began trading on the Main Board of The Stock Exchange of Hong Kong Limited today.

 

Shares were actively traded on the first trading day. Its share price closed at HK$4.46 with an intra-day high of HK$4.49 per share, keeping flat with the offer price. A total of approximately 31.55 million shares were traded, with an aggregate turnover of approximately HK$140.55 million.

 

Mr. Li Baozhong, Chairman and Executive Director of Hebei Construction Group Corporation Limited said, "The successful listing on the HKEX signifies the beginning of a new stage in the international capital market, and it marks an important milestone of the Company as well. We are honored to receive enthusiastic support from our investors. The Company will seize the opportunities brought by the national strategies of coordinated development of the Beijing-Tianjin-Hebei Region and establishment of the Xiong'an New Area. We will continue to optimize our qualification portfolio and expand our business network to further improve the nationwide market share, as well as to improve the business mix to further enhance our profitability, thereby creating fruitful value for shareholders. We are confident in the long-term development of the Group."

 

About Hebei Construction Group Corporation Limited

 

Hebei Construction Group Corporation Limited (stock code: 1727.HK) is a leading non-state owned construction group in China, providing integrated solutions primarily for the construction contracting of buildings and infrastructure projects. Rooted in Hebei Province for 65 years, the company is well-positioned to benefit from the coordinated development of the Beijing-Tianjin-Hebei Region and the establishment of Xiong’an New Area, national strategies of China. The Company provide construction contracting services mainly as a general contractor for building construction projects and infrastructure construction projects, and also engages in property development, property management and other businesses. According to Frost & Sullivan, in terms of revenue in 2016, the group was the largest non-state owned Construction Company in the Beijing-Tianjin-Hebei Region and the second largest non-state owned construction company in China. Home to over 100 million people and contributing over one-tenth of China's GDP in 2016, the Beijing-Tianjin-Hebei Region has a vibrant, open and innovative economy, and is one of the key engines of China's economic growth. 

Latest Update:
15 th December, 2017