FSE Engineering Holdings Limited, controlled by tycoon Henry Cheng Kar-shun and his brother-in-law William Doo Wai-hoi, has filed for a main-board listing.
Cheng is the chairman of FSE – the SAR’s second-largest electrical and mechanical engineering services provider – holding a 4.9 percent market share.
Also, local foundation service provider LEAP Holdings Group Limited (1499) debuts today after its shares surged 22 percent to HK$0.31 on Phillip Securities platform yesterday.
Investors would earn HK$550 for one board lot of 10,000 shares. The firm set its price mid-range at 25 HK cents, after the retail tranche was 20 times oversubscribed.