D&G Technology Holding Company Limited (“D&G Technology” or the “Group”, stock code: 1301), a leading medium-to-large scale asphalt mixing plant manufacturer and service provider in China, commenced trading on the Main Board of the Hong Kong stock exchange today.
D&G Technology shares were actively traded and recorded positive price movements today. The share price reached an intra-day high of HK$2.77 per share and closed at HK$2.62 per share, approximately 21.5% and 14.9% higher than the offer price respectively. A total of approximately 149 million shares changed hands on turnover of approximately HK$395 million.
Ms. Glendy Choi, Chief Executive Officer of D&G Technology, said, “D&G is a technology-first company focusing on research and development. Thus the Group will continue to launch new products with environmentally-friendly, low energy-consumption and resource recycling characteristics to address the market trend, secure the leading position of D&G Technology and meet the needs of both domestic and overseas markets.”
“D&G has been providing products and services for eight countries in line with China’s “One Belt One Road” policy. We believe that we have preemptively taken the opportunity to further develop sales networks along the way, expand our global market share as a national brand, and bring fruitful returns to our shareholders.”
About D&G Technology Holding Company Limited
D&G Technology is a leading medium-to-large scale asphalt mixing plant manufacturer and service provider in China. Based on the sales volume, the Group ranked second with a market share of approximately 13.8% in 2013. The Group’s core products include conventional hot-mix asphalt mixing plants and hot-mix asphalt mixing recycling plants. Asphalt mixtures produced by these plants are used in construction and maintenance of all grades of roads and highways. The Group also offers asphalt mixing plant customer services including sales of spare parts and components and provision of equipment modification services and leasing of asphalt mixing plants through operating leases. With headquarters in Hong Kong and a production base in Langfang, Hebei, D&G Technology is certified as a high-technology enterprise in Hebei and enjoys a preferential enterprise income tax rate of 15%. Its products are sold to most provinces, municipalities and autonomous regions in China as well as 18 overseas countries. It has sold more than 300 units of asphalt mixing plants to customers in China and overseas emerging markets and developed countries including Australia, Russia and India, regions including Southeast Asia and the Middle East, as well as countries in Africa. The Group is also one of the suppliers of asphalt mixing plants to a number of major infrastructure projects in China, including Beijing-Tibet Highway (京藏高速), Beijing-Hong Kong-Macau Highway (京港澳高速), Jiaozhou Bay Bridge (膠州灣大橋) and Hangzhou Bay Bridge (杭州灣大橋).