(Hong Kong, 8 March 2017) Shares of Microware Group Limited (“Microware” or the “Group”), which ranked first* among the IT infrastructure solutions providers in terms of revenue in Hong Kong offering IT infrastructure solutions services and IT managed services, commenced trading on the Main Board of The Stock Exchange of Hong Kong Limited (“HKEX”) under the stock code 1985. The offer price is HK$ 1.46 per offer share and the net proceeds of the global offering for the Group is approximately HK$ 59.2 million, intended for the following uses: 35.0% for upgrading IT management systems, 25.0% for enhancing capability to undertake large-scale contracts by financing performance securities, 20.0% for recruitment and training of employees, 10.0% for strengthening marketing efforts and 10.0% for additional working capital and other general corporate purposes.
About Microware Group Limited (Stock Code: 1985)
Microware Group Limited (“Microware”) is a Hong Kong based IT infrastructure solutions provider with over 20 years of experience in providing IT infrastructure solutions and was listed on the Main Board of The Stock Exchange of Hong Kong Limited in March 2017. According to the Ipsos Report, Microware ranked first among the IT infrastructure solutions providers in terms of revenue in Hong Kong in the financial year 2015. With the Hong Kong Government being one of its largest clients, Microware serves over 2,000 clients per year, which includes educational institutions, public bodies and commercial organisations in various sectors, such as banking and finance and transportation.