HONG KONG, June 11 /PRNewswire-Asia/ -- DeTeam Company Limited ("DeTeam" or the "Group") (SEHK: 8112) is pleased to announce that the Group has been granted an approval for its transfer of listing from the GEM to the Main Board by the Stock Exchange of Hong Kong Limited ("Stock Exchange") today. Immediately prior to the listing of the shares on the Main Board, the listing of the existing shares on the GEM Board (SEHK: 8112) will be withdrawn. Dealings in the share on the Main Board (SEHK: 65) will commence at 9:30am on 22 June 2009 (Monday).
The transfer will have no effect on the existing share certificates in respect of the shares and will not involve any transfer or exchange of the existing share certificates. No change will be made to the board lot size, trading currency of the shares and the share registrars of the shares. Shares will be traded under the new stock code in board lots of 4,000 shares each following the transfer.
Mr. Mak Shiu Chung, Godfrey, Chairman and Executive Director of DeTeam said, "We are glad to announce the approval for the transfer of the Company's listing status to the Main Board by the Stock Exchange. The successful transfer is a recognition of the Group's efforts and performance in the past years. Our new stock code is 65. We believe the listing of the Group's securities on the Main Board will not only raise our profile and enhance trading liquidity, but also attract more institutional investors and retail investors. Moreover, it will benefit the Group's financial flexibility and business development, which is in the best interests of our shareholders."
About DeTeam Company Limited (SEHK: 8112)
The Group is primarily engaged in the production and sales of plastic woven bags and barrels to customers and sales of coals in the PRC.
Issued by PR ASIA Consultants Limited on behalf of DeTeam Company Limited.
For enquires, please contact PR ASIA Consultants Limited:
Ms. Priscilla Wong / Mr. Danny Cheng
Tel: (852) 3183 0236 / 3183 0233
Fax: (852) 2583 9138
Email: priscilla.wong@prasia.net / danny.cheng@prasia.net
