Shares in Helens International Holdings closed flat at 36.5 cents apiece on its first day of trading.
Helens International Holdings, a China-based investment holding company that owns one of the largest bar chain networks in China, listed on the Singapore Exchange S68 (SGX) on July 19. It was founded by Xu Bingzhong, who has over 20 years of experience in the bar industry.
The company has a primary listing on the Hong Kong Stock Exchange (HKEX). The listing on SGX’s Mainboard is a secondary one.
“Helens believes that the listing in Singapore will help to broaden its shareholder base, enhance its global visibility and support its international business expansion. The company aims to build out its presence in regions where there are high concentrations of young customers,” says SGX in its July 19 statement.
Shares in Helens International closed at HK$2.17 or 37.3 cents per share on the HKEX on July 18.
CGS International acted as the issue manager for the Helens International’s secondary listing.
See also: GCash said to weigh record Philippine IPO of up to US$1.5 billion
“We would like to congratulate Helens International Holdings Company Limited on their successful listing in Singapore. This milestone is a testament to their premium quality product portfolio and ability to provide unique experiences for their customers,” says Pol de Win, head of global sales and origination at SGX Group.
“As the food and beverage (F&B) sector continues to grow, particularly in Asia where changing demographics are driving a greater pursuit of diverse consumer experiences, Helens is well-positioned to capitalise on these opportunities. We look forward to seeing their continued success and growth,” he adds.
