Comba marks a milestone

July 15th 2003, marked a new milestone for Comba Telecom Systems' management and employees (Stock Code: 2342), as the company listed on the main board of the Stock Exchange of Hong Kong.

After 18 months of preparation, Comba embarked on its Global Offering when it received approval from the SEHK. As the leading wireless coverage solutions provider in the PRC and a strong year-on-year growth over the past three years, Comba's Hong Kong Public Offer was 8.8 times subscribed and its International Placing was approximately five times subscribed.

The initial price was set at HK$1.88 per share. As soon as the bell rang on the first day trading at the SEHK, Comba's share price rose to an intra-day high of HK$2.50 and closed at HK$2.20. A total of 66.05 million shares were traded, representing an aggregate turnover of HK$150.34 million.

To celebrate the successful listing and the overwhelming response from institutional and retail investors, Mr Tony Fok, Chairman & MD, gave his personal thanks to all those professionals involved in the company's listing when he played a piece of jazz on his saxaphone during a celebration dinner.