02516 泛遠國際
FAR INTL
FAR INTL
| Listing Date | 2023/12/22 |
| Listing Price | 0.900 |
Subscription Result
- Subscription Rate14.49x
- Guarantee One Lot Size20 lot
- One Lot Success Rate7.72%
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IPO Detail
COMPANY PROFILE
FAR International Holdings Group is a cross-border e-commerce logistics service provider based in the PRC principally engaged in the provision of end-to-end cross-border logistics services.
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The Group operates its service outlets network directly providing parcel acceptance, warehousing, security check, repackaging, labelling and sorting services within the end-to-end logistics value chain, whereas its suppliers (including air/sea port operators, air and ocean carriers, customs brokers and third-party logistics service providers) operate air/sea port operation, customs clearance, international linehaul and last-mile delivery services, and provide express, standard or economic delivery service options to its customers based on its budget and preferences.
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According to report, the Group ranked between 25th to 30th among domestic cross-border e-commerce logistics providers in China in terms of cross-border e-commerce logistics revenue, occupying 0.03% market share with revenue of RMB1.0 billion in 2022.
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Its customers generally include e-commerce platforms, e-commerce sellers, other logistics service providers and traditional traders. For each of FY2020, FY2021, FY2022 and 6M2023, the majority of its revenue was derived from e-commerce related customers.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Transportation |
| Major Business Area | China |
| Board Lot | 4000 |
GLOBAL OFFERING
| No. of Offer Shares | 140.00M shares |
| No. of Public Offer Shares | 14.00M shares |
| No. of Placing Shares | 126.00M shares |
| Offer Price | $0.90 - $1.22 |
| Stock Code | 2516 |
| Sponsor(s) | Grand Moore Capital Limited |
| Underwriter(s) | Grand Moore Capital Limited, Valuable Capital Limited, China PA Securities (Hong Kong) Company Limited, CMBC Securities Company Limited, ICBC International Securities Limited, Shenwan Hongyuan Securities (H.K.) Limited |
TIME TABLE
| Application Period | Dec 12 (Tue) - noon, Dec 19 (Tue) |
| Price Determination Date | Dec 20 (Wed) |
| Result Announcement Date | On or before Dec 21 (Thu) |
| Result Announcement Date | On or before Dec 21 (Thu) |
| Result Announcement Date | On or before Dec 22 (Fri) |
| Dealings in Shares commence on | Dec 22, 2023. (Fri) |
Reallocation of Shares Offered
| Times of HK Offer Shares Subscription | 15X - 50X | 50X - 100X | Over 100X |
| % of total shares reallocated to HK Offer | 30% | 40% | 50% |
Sales Statistics (HKD)
| Offer Price | $0.90 - $1.22 |
| Capitalization | 702.00M - 952.00M |
| NAV / share ($) | $0.67 - $0.73 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 1.06, the net proceeds raised would be HKD 88.50M, of which |
| 81.9% : Setting up new service outlets and expanding and upgrading existing service outlets in the PRC |
| 18% : Investing in and upgrading information technology systems |
| 0.1% : Working capital |
Related Document
| Prospectus |  Chinese Version | English Version |
| Remark： | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015% (i.e. 1.0077% in total).