New Century Logistics (BVI) Ltd’s (NASDAQ:NCEW) Quiet Period Will Expire Tomorrow

New Century Logistics (BVI)’s (NASDAQ:NCEW) quiet period is set to expire on Monday, January 27th. New Century Logistics (BVI) had issued 1,500,000 shares in its public offering on December 18th. The total size of the offering was $6,000,000 based on an initial share price of $4.00. During the company’s quiet period, underwriters and any insiders involved in the IPO are restricted from issuing any research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

New Century Logistics (BVI) Stock Down 7.7 %

Shares of NCEW opened at $1.92 on Friday. New Century Logistics has a 52-week low of $1.56 and a 52-week high of $4.15.

About New Century Logistics (BVI)

New Century Logistics (BVI) Limited (“NC Logistics”) was incorporated in the BVI on April 24, 2019 with limited liability and is a holding company with no material operations. Our operations are conducted in Hong Kong by our wholly-owned subsidiaries, namely (i) New Century Logistics Company Limited (“NCL (HK)”), a company incorporated in Hong Kong with limited liability, (ii) GLF Cargo Services Limited (“GLF”), a company incorporated in Hong Kong with limited liability and a wholly-owned by NCL (HK), and (iii) Win-Tec Transportation Company Limited (“Win-Tec”), a company incorporated in Hong Kong with limited liability and a wholly-owned by NCL (HK).