Friday, October 03, 2014
News this week: Hong Kong-listed B2B e-commerce company, HC International, announced that its proposed transfer of its stock listing from the Hong Kong Growth Enterprises Market (GEM) to Hong Kong Stock Exchange’s Main Board has been accepted. The company will officially begin trading under stock code “02280” on 10th October 2014.
HC was publicly listed in December 2003 and it operates a number of sourcing directories in China including its B2B e-commerce platform, Mai-Mai-Tong (www.hc360.com). The transfer of HC’s listing will not affect the company’s existing 662,816,618 issued shares. HC’s shares closed at HK$13.92 as of 30th September 2014 with a 52-week price range of HK$8.56 to HK$23.65.
For the year ended 31st December 2013, HC recorded revenues of US$138 million, up 53% compared with its 2012 results. Net income last year was US$25 million – a jump of 132% compared with the year before.