#SpeedApparel's #IPO shares is 400 times #oversubscribed
HONG KONG, CHINA – 29 May 2017 – Speed Apparel Holding Limited (“Speed Apparel”, together with its subsidiaries, the “Group”; HKSE: 8183 ), a Hong Kong apparel supply chain management services provider, announces the subscription results for its shares (the “Shares”) under the public offer (the “Public Offer”) and placing (the “Placing”, together with the Public Offer, the “Share Offer”). The shares under the Public Offer have been very significantly over-subscribed by approximately 400 times. The offer price per share has been set near the mid-point of the offer price range at HK$0.50 per share . Dealings in the shares on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited is expected to commence on 31 May 2017 (Wednesday).