Fameglow Set to Move to HKEX Main Board on June 30; Shares Jump 16%

MT Newswires Live

06/23

Fameglow (HKG:8603) said it received approval-in-principle from Hong Kong Exchanges and Clearing for the transfer of its listing from GEM to the Main Board, according to a Monday Hong Kong bourse filing.

Shares rose about 16% in recent trading.

The medical aesthetics services provider expects trading of its shares on the main board to begin on June 30, with June 29 set as the final trading day on GEM.

The company said it had met all applicable requirements for the transfer, except for two conditions related to market capitalization and trading turnover that are expected to be satisfied on the commencement date.

Fameglow operates medical aesthetic centers in Hong Kong and Macau under brands including perFACE, 20 Beauty, and 20 Laser, the filing said.

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