Congratulation to Sunfonda for successful listing on HKSE

On May 15, 2014, Moores Rowland Beijing's third automotive clients has been successfully listed on the Hong Kong Stock Exchange.

Sunfonda Group Holdings Limited traded on the main board of Hong Kong Stock Exchange on May 15, 2014 under Its share code 01771 at the price HKD 3.61 per share.  The first trading day has been active with a total of about 18.47 million shares trading volume and HKD 68.04 million in value, closing at HKD 3.88 per share which is nearly 7.5% higher than its offering price.

J.P. Morgan Securities (Far East) Limited ("J.P. Morgan" is the sponsor of this listing plan; J.P. Morgan and Cathay Pacific Jun'an Securities (Hong Kong) Limited are the co-global coordinators of this public offering; J.P. Morgan Securities (Asia Pacific) Limited (in terms of Hong Kong public offering), J.P. Morgan S. Ecurities PLC (for international sales) and Guotai Junan Securities (Hong Kong) Limited are the joint bookkeepers and co-lead agents.

In the steps for Sunfonda Holdings listing, Moores Rowland has been appointed as the internal control auditor, working seamlessly with J.P. Morgan and other well-known international institutions in the effort to ensure smooth process to get listed.

Sunfonda Holdings has become another story of success for Moores Rowland’s client from automotive industry landing in the capital market of Hong Kong after "Dalian Zhongsheng" and "Harmonious Automobile".