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Dealings in TeleEye Holdings Ltd, of which City University of Hong Kong is a founding shareholder, commenced on 8 May on the Growth Enterprise Market (GEM) of the Stock Exchange of Hong Kong.
In another milestone in its development, CityU is the first local institution of higher education to foster a technology company from start-up to public listing. TeleEye Holdings Ltd plans to make a public offer and placing of 50 million new shares, representing 27.8% of the shareholding, on Hong Kong's Growth Enterprise Market. Of the total, 42 million shares are earmarked for a placing and eight million shares will be offered for public subscription.

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