On 8 January 2020, SPDB International, as the sole sponsor and sole global coordinator, supported the listing of Kwan Yong Holdings Limited (9998.HK) on the main board of the Hong Kong Stock Exchange. Kwan Yong Holdings Limited was the first company listed on the Hong Kong Stock Exchange in 2020.

Kwan Yong Holdings Limited (“Kwan Yong”) is a main contractor in the provision of building construction works in Singapore which is known for quality of work, especially in building construction works for the public sector. Kwan Yong ranked fourth among contractors in the institutional sector in Singapore in terms of the average institution CONQUAS score in 2018. Kwan Yong has more than 30 years of experience in building construction works for various types of buildings including institutional buildings, commercial buildings as well as industrial and residential buildings which can be categorized into (i) new construction and (ii) A&A works.

The offering of Kwan Yong is priced at HK $ 0.65 per share and raised funds of HK $ 130 million. The international placing was 1.03 times oversubscribed, and the Hong Kong public offering was 48.73 times oversubscribed.

During the execution stage of Kwan Yong’s IPO, SPDB International has cooperated closely with all professional parties and supported our client's successful listing with profound experience.