New Century Logistics (BVI) Ltd’s (NASDAQ:NCEW) Lock-Up Period Will Expire on June 16th

New Century Logistics (BVI)’s (NASDAQ:NCEW) lock-up period is set to end on Monday, June 16th. New Century Logistics (BVI) had issued 1,500,000 shares in its IPO on December 18th. The total size of the offering was $6,000,000 based on an initial share price of $4.00. After the end of the company’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

New Century Logistics (BVI) Stock Down 5.2%

NCEW opened at $1.10 on Wednesday. New Century Logistics has a 12 month low of $0.88 and a 12 month high of $4.15. The stock has a 50-day moving average of $1.57.

New Century Logistics (BVI) Company Profile

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).