Meorient Lists on Shenzhen Exchange
Meorient, a Chinese exhibition organiser, has listed on the Shenzhen Stock Exchange (SZSE). The company debuted on the exchange on 22nd October. Meorient’s stock code is 300795. The company is reportedly the first exhibition organiser in China to be listed on a major stock exchange.
According to the SZSE, Meorient’s IPO offered just over 25 million shares at RMB 14.27 (US$2.02) per share and raising funds of RMB 357 million (US$51 million). The post-public-offering share capital is RMB 100.2 million. Meorient’s shares closed on Friday at RMB 27.36.
In 2018, the company recorded revenues of RMB 437 million (US$62 million) with net profit of RMB 68.4 million (US$9.7 million). As of 30th June 2019, Meorient had 11 UFI Approved Events in nine countries. Meorient organises events in Dubai, Brazil, Egypt, India, Jordan, Kazakhstan, Mexico, Poland, South Africa, Turkey and China.