Auzzi Shopping

Men's Weekly

.

Yik Wo International to appoint professional parties to proceed with the preparation of application for the possible transfer of listing

  • Written by Auzzi Shopping

HONG KONG SAR - Media OutReach - 23 February 2023 - Yik Wo International Holdings Limited (HKEx stock code: 8659, the "Group" or "Yik Wo") is pleased to announce that the Board has appointed professional parties to proceed with the preparation of application for the possible transfer of listing from GEM to the Main Board of the Stock Exchange.



Listed on the GEM in 2020, the Group engages in the design and development, manufacturing and sales of disposable plastic food storage containers. As at 13 December 2020, the Board appointed a financial advisor to evaluate the possibility of transferring the listing from GEM to the Main Board; As at 23 February 2023, the Board has appointed professional parties to proceed with the preparation of application for such transfer, no formal application has been made to the Stock Exchange at the date of the announcement.

Mr. Xu Youjiang, Chairman and Executive Director of the Group, remarked, "Yik Wo has been listed on GEM for over two years. Thanks to the effort made by the team, the Group has successfully expanded its business and size. We evaluate the possibility of transferring the listing, hoping to bring better returns to our shareholders. The Group will make further announcements in due course to ensure shareholders and potential investors are informed of the progress of the matter."

Hashtag: #YikWo

The issuer is solely responsible for the content of this announcement.

About Yik Wo International Holdings Limited

Yik Wo International Holdings Limited, listed on GEM in 2020, engages in the design and development, manufacturing and sales of disposable plastic food storage containers, committed to providing reliable and high-standard products to customers. According to the F&S Report, the Group was the fourth largest disposable plastic food storage container company in the PRC with a market share of 2.2% in 2019 in terms of sales. The Group offers over 400 models of products, mainly sold under our "JAZZIT" brand, with various sizes, designs and shapes, which are primarily sold to customers in the PRC with a small part in overseas countries. In 2022, the Group completed the acquisition to expand its business scope into the film and e-commerce industry.

Today's Features at Auzzi

Why Flyscreens Are a Must-Have for Every Sydney Home: Installation Tips and Benefits

Sydney is known for its warm climate, coastal breezes, and outdoor lifestyle. But with the open windows and doors that come with summer living, there’s one major downside: insects. From ...

Top Bathroom Renovation Ideas for Sydney Homes

Renovating the bathroom not only changes the appearance of your house but also its functionality and ambience. Whether you want a full renovation or a spot touch-up, the proper design sele...

What is First Five Forever and How Can You Nourish a Tiny Brain?

Targeted at children aged 0-5 years, First Five Forever is a Queensland State Government initiative designed to support early childhood development. With the key message being, ‘Talk, r...

A Comprehensive Guide to Stress-Free Solar and Battery Integration

Solar energy has become a leading alternative in a world where the demand for sustainable energy is growing. Although using solar to generate energy is wonderful, combining it with battery s...

Why Container Domes Are the Ultimate Solution for Affordable Housing

Imagine residing in a house that is not only reasonably priced but also distinctive and environmentally responsible. Presenting container domes, a cutting-edge housing option that is revolut...

Step-by-Step Guide to Setting Up Your Free Online Store on MarketTram

MarketTram is a Sydney-based platform that lets you publish unlimited free regular ads, which makes it a low-risk way to start selling. The site focuses on simple listing, local trade and ...

Mining and Infrastructure Surveying Services in Western Australia: What to Know

Western Australia runs on big projects. Iron ore in the Pilbara, gold across the Goldfields, rail expansions and new energy hubs all rely on precise spatial data. Surveying underpins that ...