02545 中贛通信
ZHONGGAN COMM
ZHONGGAN COMM
| Listing Date | 2024/07/03 Listing in 5 Days |
| Listing Price | -- |
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IPO Detail
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
| Market | Hong Kong (Main Board) |
| Business Nature | IT Hardware |
| Major Business Area | China |
| Board Lot | 2000 |
GLOBAL OFFERING
| No. of Offer Shares | 160.00M shares |
| No. of International Offer Shares | 144.00M shares |
| No. of HK Offer Shares | 16.00M shares |
| Offer Price | $1.13 - $1.25 |
| Stock Code | 2545 |
| 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 Period | Jun 21 (Fri) - noon, Jun 27 (Thu) |
| Price Determination Date | Jun 28 (Fri) |
| Result Announcement Date | On or before Jul 02 (Tue) |
| Result Announcement Date | On or before Jul 02 (Tue) |
| Result Announcement Date | On or before Jul 03 (Wed) |
| Dealings in Shares commence on | Jul 03, 2024. (Wed) |
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 | $1.13 - $1.25 |
| Capitalization | 723.20M - 800.00M |
| NAV / share ($) | $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
| 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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Listing --Offer Price︰--
| Currency | : |
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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).