On September 20, 2024, Hong Kong /PRNewswire/ -- ckh holdings Limited (referred to as 'Company' or 'GLE'), an information and communication technology (ICT) integrated solution service provider headquartered in Hong Kong, today announced the pricing of its common stock initial public offering ('IPO') GLE's IPO issued a total of 2,000,000 shares of common stock at a public offering price of $4.00 per share, raising a total of $8,000,000 (excluding underwriting discounts and other issuance expenses). GLE's common stock has been approved for listing on the Nasdaq Capital Market and is expected to commence trading publicly on September 20, 2024, Eastern Time, with the stock code 'GLE'.

According to the oversubscription rights granted to the underwriters by the Company, the underwriters may additionally subscribe for up to a maximum of 300,000 shares of common stock at the public offering price within 45 days from the completion of this IPO. Under customary closing conditions, the Company anticipates the public offering to be completed on September 23, 2024, Eastern Time.

This issuance is conducted on an underwritten basis. R.F. Lafferty & Co., Inc. serves as the exclusive book-running manager for this IPO. Robinson & Cole LLP serves as legal counsel to the issuer, and Winston & Strawn LLP serves as legal counsel to the underwriters.

GLE plans to use the proceeds from this issuance for: 1) Brand promotion and marketing (25%); 2) Talent recruitment (25%); 3) Strategic investments and acquisitions (25%); 4) Supplementary general working capital (25%).

The application for listing on the GLE (record number 333-266919) has been submitted to the U.S. Securities and Exchange Commission ("SEC") and was declared effective on September 16, 2024. This offering is made only in the form of a prospectus. The prospectus can be obtained through the following institution: R. F. Lafferty & Co. Inc., request can be made via email offerings@rflafferty.com or by standard mail, the mailing address is R. F. Lafferty & Co. Inc., 40 Wall Street, 27th Floor, New York, NY10005. In addition, the final version of the prospectus can also be downloaded on the SEC website www.sec.gov.

Before making an investment, you should read the prospectus and other documents submitted or to be submitted to the SEC in order to obtain more information about the company and the offering. This press release does not constitute a solicitation of an offer to buy or sell securities; if any state or jurisdiction's securities laws require that such offers, invitations, or sales be illegal until registration or qualification is obtained, securities cannot be sold in those states or jurisdictions.

About Global Engine Group Holding Limited

Global Engine Group Holding Limited is a comprehensive solutions provider based in Hong Kong, offering achievable business outcomes and innovative solutions driven by Information and Communication Technology (ICT) through its wholly-owned subsidiary for clients. GLE's target customers include but are not limited to small and medium-sized telecom operators and ICT service providers seeking growth and expansion in the Hong Kong and Southeast Asian markets, data center and cloud computing service providers, and IoT solution providers looking to change service delivery methods through IoT technology and platforms. GLE provides the following services: (i) ICT solution services, including cloud platform deployment, IT system design and configuration services, maintenance services, data center rental services, and cloud services; (ii) technical services including data center and cloud computing infrastructure, mobile communication, fixed network communication, and technical development, support, and outsourcing services for IoT projects; and (iii) project management services to enhance productivity and global collaborative management, and to achieve successful implementation and adoption of customer solutions. For more information, please visit the website: ir.globalengine.com.hk/.

Forward-looking statements

This press release contains forward-looking statements. Forward-looking statements include statements regarding plans, objectives, purposes, strategies, future events, expected performance, assumptions, and any other non-factual statements. Any text containing words such as 'may,' 'will,' 'should,' 'believes,' 'expects,' 'anticipates,' 'estimates,' or similar non-factual expressions, especially regarding the company's listing on the Nasdaq Global Market and completion of the offering, should be considered forward-looking statements. Due to various factors, actual results may differ significantly from historical results or the contents of these forward-looking statements. These factors include but are not limited to the company's strategic objectives, the company's future plans, market demand for the company's products or services and user acceptance, technological updates, economic trends, corporate reputation and brand, industry competition and pricing effects, relevant policies and regulations, fluctuations in China's macroeconomic conditions, international market conditions for the company's services, and the risks and assumptions disclosed in the prospectus. For these reasons and others, we advise investors not to blindly rely on such forward-looking statements, and we urge investors to visit the SEC website to review company-related documents for other factors that may affect the company's future operations results. The company is not obligated to publicly correct changes in these forward-looking statements caused by specific events or reasons after the filing of these documents.

For more details, please contact:

Underwriter
R. F. Lafferty & Co., Inc.
40 Wall Street, 27th Floor
New York, NY 10005
(212) 293-9090
offerings@rflafferty.com

Investor Relations
WFS Investor Relations Inc.
Janice Wang, Managing Partner
Email: services@wealthfsllc.com
Phone: +86 13811768599
+1 628 283 9214