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Deacons advises the sole sponsor VBG Capital Limited and underwriters in relation to GEM IPO of Grand Power Logistics Group Limited, seeking to raise up to HK$70.5 million.
Grand Power Logistics Group is a long-established freight forwarder headquartered in Hong Kong, with sales force in Hong Kong and six regional offices in the PRC, including Shanghai, Shenzhen, Guangzhou, Xiamen, Tianjin and Fuzhou, focusing on the market in Hong Kong, the PRC and Macau.
The company published its IPO prospectus on 30 December 2020. Dealings in its shares on GEM of the Hong Kong Stock Exchange are expected to commence on 13 January 2021.
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