THE start of trading tomorrow of Wing Shan International will be particularly welcome for its employees who, like those of other firms joining the market, have been given preferential access to their company's share issue.
What is unusual in Wing Shan's case is that, according to the prospectus, as few as seven employees may be eligible for these shares.
While the rest of Hongkong scrambled for Wing Shan shares - which were 227 times oversubscribed - employees had an easy ride.
Ten per cent of the issue was set aside for them.
Only employees in Hongkong were eligible to apply, and the prospectus states that 45 of the group's 52 employees are based in China.
This means that employees who run the power station in Foshan, Guangdong province, which is the company's sole asset, will not enjoy any bonus from the company's flotation.
Wing Shan shares were offered at $1.02 a share, and brokers expect them to start trading at around $1.80.