LEGENDARY EDU (08195) has submitted a formal application to the Stock Exchange for the proposed transfer to a main board listing.
The Inheritance Education Group (08195) has announced that the company has filed a notice on July 23, 2025 (after trading hours) to...
LEGENDARY EDU (08195) announces that the company has formally applied to the Stock Exchange of Hong Kong for a transfer listing on July 23, 2025, after trading hours.
The proposed transfer listing will not involve the issuance of any new shares by the company.
The company has been listed on the GEM since October 10, 2014, and the board has been committed to achieving significant business growth, leading to stable increases in revenue and profits. For the three financial years ending March 31, 2023, 2024, and 2025, the company's attributable profits were approximately HK$33.40 million, HK$45.60 million, and HK$37.10 million respectively.
The board believes that the transfer listing to the Main Board will enhance the company's corporate image and public recognition, given the larger total market value, higher trading volume, and relatively higher international recognition. The company believes that the stricter listing requirements and corresponding high-quality status of the Main Board will be a recognition of the group's existing business performance and achievements, thereby enhancing its ability to attract high-quality customers, suppliers, business partners, seize new business opportunities, and attract and retain talent.
On the other hand, the Main Board attracts a wide and active range of professional, institutional, private, and public investors from international, regional, and local markets. The board believes that the transfer listing will provide the company with a broader base of international investors, enhance its investor exposure and international image, allow the company to access and attract a wider range of institutional and professional investors, thereby further enhancing its shareholder base. The transfer listing also allows shares to be traded on a platform with significantly higher liquidity, providing a better liquidity environment for shareholders and potential investors to trade and realize their investments in the shares.
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