(Hong Kong, 9 October 2024) – Wing Lee Development Construction Holdings Limited ("Wing Lee" or the "Company", Stock Code: 9639) commenced trading today on the Main Board of The Stock Exchange of Hong Kong Limited (the “HKEX”).
Mr. Yiu Wang Lee, Executive Director, Chairman of our Board, and Chief Executive Officer of Wing Lee, struck the ceremonial gong at the listing ceremony to celebrate the company's new journey. Company directors, cornerstone investors, representatives of business partners, as well as sponsors and intermediaries for this IPO attended the ceremony to witness this important milestone in Wing Lee’s development. The three representatives of the cornerstone investors who participated in the listing ceremony were Ms. Jennifer Zhou, Director of Sany Hong Kong Group Limited and Managing Director of China Wealth Hong Kong Machine Limited; Mr. Steven F. Tso, Committee Member of the 14th National Committee of the CPPCC, Vice Chairman of Fuyao Glass Industry Group Co., Ltd., and Chairman of Fujian Triplex Investment Group Co., Ltd.; and Dr. L. H. Ko, Chairman and Chief Executive Officer of Accel Group Holdings Limited. This moment not only signifies the growth and transformation of Wing Lee but also demonstrates the market's confidence in the company's future development.
Mr. Yiu Wang Lee stated, "Wing Lee has successfully launched on the Hong Kong capital market today, marking a new starting point for the company's development on an international capital platform. In the future, the company will continue to strengthen its market position, expand its market share, and seize growth opportunities in Hong Kong's construction industry. We are committed to driving the industry's development towards safety, digitalization, and innovation through digital transformation and technological empowerment, striving to deliver long-term sustainable returns that are substantial for our shareholders."
About Wing Lee Development Construction Holdings Limited
Wing Lee is an established contractor in Hong Kong engaged in civil and electrical cable engineering and solar PV system works. With over 18 years of extensive experience in Hong Kong's civil and electrical engineering industries, the Group has participated in sizeable infrastructure projects such as the Third Runway Projects at the Hong Kong International Airport, and the Group was also one of the subcontractors for the CLP Group. Wing Lee is committed to its mission of "creating value and serving society," closely following the development framework of Hong Kong's smart city initiatives. The company is accelerating the digital transformation of infrastructure, implementing green building standards, and working diligently to reduce carbon emissions and transition towards more sustainable development. Wing Lee also strives to be one of the leading companies in the construction industry that fosters a culture of sustainable building, contributing to Hong Kong's vision of "Zero-carbon Emissions ‧ Liveable City ‧ Sustainable Development".
About Cornerstone Investors
Sany Hongkong Group Limited
Sany HK is a subsidiary of SANY Group Co., Ltd. SANY Group is the first engineering machinery company in China to exceed 100 billion RMB in revenue and ranks among the top three global players in the engineering machinery sector (Nikkei), as well as in the Forbes Global 500. The group owns several publicly listed companies, including Sany Heavy Industry Co., Ltd. (SH:600031), Sany Heavy Equipment International Holdings Co., Ltd. (HK:00631), and SANY Renewable Energy Co., Ltd. (SH:688349), with SANY Heavy Industry being the largest engineering machinery manufacturer in China and the third largest globally.
The Triplex Holdings Limited
Triplex is an investment holding company incorporated in Hong Kong and wholly owned by Mr. Tso Fai. Mr. Tso is currently the Executive Director and Vice Chairman of the board of directors of Fuyao Glass Industry Group Co., Ltd. (Fuyao Group), which is a company listed on both the Main Board of the Stock Exchange (stock code: 3606) and on the Shanghai Stock Exchange (stock code: 600660). Fuyao Group is a large multinational corporation focused on automotive safety glass, holding a global market share of approximately 34% and a market share of about 68% in China.
Accel Group Holdings Limited
Accel Group is a company listed on the Main Board of the Stock Exchange (stock code: 1283). Its subsidiary, Chit Tat Electrical Engineering Limited, has nearly thirty years of history and primarily provides supply, installation, and maintenance services for mechanical ventilation and air conditioning systems. It is recognized as one of the leading companies in the Hong Kong industry.
