02535 泓基集團
WK GROUP
WK GROUP
| Listing Date | 2024/03/08 |
| Listing Price | 0.250 |
Subscription Result
- Subscription Rate70.48x
- Guarantee One Lot Size40 lot
- One Lot Success Rate2.57%
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IPO Detail
COMPANY PROFILE
WK Group (Holdings) Limited is a structural steelwork contractor in Hong Kong, established in 1999, specialising in the supply, fabrication and installation of structural steel for construction projects in Hong Kong. The Group has two production facilities in Dongguan, the PRC.
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According to report, the Group ranked third in the Hong Kong structural steelwork industry in terms of revenue in 2022, and accounted for approximately 3.4% of the market share in 2022.
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During the period comprising FY2020, FY2021, FY2022 and 9M2023, the Group was mainly engaged in public sector projects in Hong Kong. Its public sector projects mainly involved infrastructure and public facilities as well as public residential developments. The customers of its public sector projects were generally main contractors engaged by different Hong Kong government departments, authorities and statutory bodies. Its private sector projects mainly involved private commercial, residential and industrial developments. The project owners of its private sector projects were generally property developers, and its customers were main contractors engaged under such projects.
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During the period comprising FY2020, FY2021, FY2022 and 9M2023, the majority of its revenue was derived from structural steelwork for infrastructure and public facilities.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Construction |
| Major Business Area | Hong Kong |
| Board Lot | 10000 |
GLOBAL OFFERING
| No. of Offer Shares | 500.00M shares |
| No. of Public Offer Shares | 100.00M shares |
| No. of Placing Shares | 400.00M shares |
| Offer Price | $0.25 - $0.27 |
| Stock Code | 2535 |
| Sponsor(s) | Grande Capital Limited |
| Underwriter(s) | Grande Capital Limited, Quam Securities Limited, Yuen Meta (International) Securities Limited, Eddid Securities and Futures Limited, Livermore Holdings Limited, Fortune Origin Securities Limited, Lee Go Securities Limited, Victory Securities Company Limited, Grand China Securities Limited, SBI China Capital Financial Services Limited |
TIME TABLE
| Application Period | Feb 29 (Thu) - noon, Mar 05 (Tue) |
| Price Determination Date | Mar 06 (Wed) |
| Result Announcement Date | On or before Mar 07 (Thu) |
| Result Announcement Date | On or before Mar 07 (Thu) |
| Result Announcement Date | On or before Mar 08 (Fri) |
| Dealings in Shares commence on | Mar 08, 2024. (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 | $0.25 - $0.27 |
| Capitalization | 500.00M - 540.00M |
| NAV / share ($) | $0.12 - $0.12 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 0.26, the net proceeds raised would be HKD 96.00M, of which |
| 61.5% : Financing the up-front costs of projects |
| 36.4% : Acquiring a piece of land within or in proximity to Dongguan, the PRC and setting up a new production facility |
| 2.1% : Further expanding and strengthening manpower by recruiting three project managers and one engineer |
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).