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IPO Detail
02545 中贛通信
ZHONGGAN COMM
Listing Date2024/07/03
Listing Price1.250
 
Quote
  • 0.340 -0.005 (-1.449%)    Sink Below Listing Price
  • 15-min delayed, last update: 05/11/2024 17:59
Subscription Result
  • Subscription Rate
    195.99x
  • Guarantee One Lot Size
    2 lot
  • One Lot Success Rate
    70.01%
COMPANY PROFILE

Zhonggan Communication (Group) Holdings is an integrated service provider and software developer headquartered in Jiangxi Province of the PRC and focuses on the provision of Telecommunications Infrastructure Services and Digitalisation Solution Services in the PRC, established in 2002.

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According to the Ipsos Report, the Group ranked third amongst all telecommunications network infrastructure construction and maintenance services providers in Jiangxi Province in terms of revenue in 2023, with a market share of approximately 3.1%. As at 11 June 2024, the Group has expanded its operations to 25 provinces, municipalities and autonomous regions across the PRC.

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The Group’s customers in Telecommunications Infrastructure Services business segment primarily comprised key players in the PRC telecommunications industry such as telecommunications network operators and telecommunications tower infrastructure service providers who would contract telecommunications infrastructure construction and maintenance works to the Group. The Group’s customers in Digitalisation Solution Services mainly included not only telecommunications network operators but also local governments, quasi-government institutions, state-owned enterprises and private companies in the PRC.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureIT Hardware
Major Business AreaChina
Board Lot2000
GLOBAL OFFERING
No. of Offer Shares160.00M shares
No. of International Offer Shares80.00M shares
No. of HK Offer Shares80.00M shares
Offer Price$1.13 - $1.25
Stock Code2545
Sponsor(s)Zhongtai International Capital Limited
Underwriter(s)Zhongtai International Securities Limited, CCB International Capital Limited, BOCOM International Securities Limited, CMB International Capital Limited, ABCI Securities Company Limited, ICBC International Securities Limited, CMBC Securities Company Limited, First Shanghai Securities Limited, China Sunrise Securities (International) Limited, Yue Xiu Securities Company Limited, Patrons Securities Limited, Victory Securities Company Limited, Futu Securities International (Hong Kong) Limited, Tiger Brokers (HK) Global Limited, Livermore Holdings Limited, Valuable Capital Limited
TIME TABLE
Application PeriodJun 21 (Fri) - noon, Jun 27 (Thu)
Price Determination DateJun 28 (Fri)
Result Announcement DateOn or before Jul 02 (Tue)
Result Announcement DateOn or before Jul 02 (Tue)
Result Announcement DateOn or before Jul 03 (Wed)
Dealings in Shares commence onJul 03, 2024. (Wed)
Reallocation of Shares Offered
Times of HK Offer Shares Subscription15X - 50X50X - 100XOver 100X
% of total shares reallocated to HK Offer30%40%50%
Sales Statistics (HKD)
Offer Price$1.13 - $1.25
Capitalization723.20M - 800.00M
NAV / share ($)$0.46 - $0.48 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 1.19, the net proceeds raised would be HKD 142.10M, of which
63% : Pursue strategic acquisitions
15.5% : Payment of the upfront costs required in respect of prospective Integrated Solution Services projects for 2024
17.3% : Strengthen the Group’s research and development capabilities
4.2% : Working capital
Related Document
Remark: The above information is referenced from the prospectus.
  All data is calculated from the non- exercise rights(if applicable).
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