AMTD International assisted Weigang Environment IPO in Hong Kong

AMTD International announced on January 3, 2019, that it served as joint bookrunner and joint lead manager for the successful listing of Weigang Environmental Technology Holding Group Limited (Weigang Environment) on the Main Board of the Hong Kong Stock Exchange. This marked the first IPO in Hong Kong for the year 2019.

Weigang Environment, a provider of comprehensive hazardous waste incineration turnkey solutions, debuted under the stock code 1845.HK. The offering consisted of 312 million shares priced at HK$0.88 per share, raising approximately US$35 million in gross proceeds. Founded in 1998 and headquartered in Guangzhou, Weigang Environment is a leading player in China's hazardous waste incineration sector, holding a 37.3% market share in terms of aggregate designed disposal capacity for centralized hazardous waste incineration projects under construction.

As a comprehensive financial institution rooted in Hong Kong, AMTD International has a track record of facilitating access to international capital markets for various companies. Beyond Weigang Environment, AMTD has participated in notable IPOs such as Xiaomi and Meituan Dianping. The institution has also supported debt issuance for major conglomerates including New World Development and Sun Hung Kai.

AMTD International focuses on providing financial services and aiding Asian companies in leveraging the Hong Kong capital market for global development. The company also engages in strategic investments and partnerships with innovative enterprises.