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02610 南山鋁業國際
NANSHAN AL INTL
Register Close2025/03/20    IPO Closing in 3 Days
Listing Date2025/03/25
COMPANY PROFILE

Nanshan Aluminium International Holdings Limited is an alumina manufacturer in Southeast Asia and is committed to continually strengthening its market position in the region. Since the Group’s inception, its primary focus has been on tapping into Indonesia’s abundant bauxite and coal reserves.

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According to Frost & Sullivan, the main alumina-producing countries in Southeast Asia as of the end of 2023 are Indonesia and Vietnam, the Group is among the three major alumina production enterprises in Southeast Asia. The completion of Phase II Alumina Production Project allowed the Group’s designed annual alumina production capacity to reach two million tons, which allowed it to rank among the first in Indonesia and Southeast Asia in terms of designed annual production capacity in 2023. In 2023, the Group was the second-largest producer in the Southeast Asian alumina market and had a 34.9% market share in the Southeast Asia alumina industry in terms of actual production volume.

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The Group’s business model centres on producing and selling metallurgical-grade alumina and its main product is metallurgical grade alumina, produced through the low-temperature Bayer process. Occasionally, at the request of the Group’s customers, it also supplies them with aluminium hydroxide. The Group’s customers included downstream manufacturers and global commodity market traders.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureDiversified Metals & Minerals
Major Business AreaSoutheast Asia
Board Lot100
GLOBAL OFFERING
No. of Offer Shares88.24M shares
No. of International Offer Shares79.41M shares
No. of HK Offer Shares8.82M shares
Offer Price$26.60 - $31.50
Stock Code2610
Sponsor(s)Huatai Financial Holdings (Hong Kong) Limited
Underwriter(s)Huatai Financial Holdings (Hong Kong) Limited, CMB International Capital Limited, China Galaxy International Securities (Hong Kong) Co., Limited, China International Capital Corporation Hong Kong Securities Limited, CLSA Limited, Daiwa Capital Markets Hong Kong Limited, DBS Asia Capital Limited, ICBC International Securities Limited, UOB Kay Hian (Hong Kong) Limited, AVICT Global Asset Management Limited, BOCI Asia Limited, Futu Securities International (Hong Kong) Limited, Phillip Securities (Hong Kong) Limited, Tiger Brokers (HK) Global Limited, Zhongtai International Securities Limited
TIME TABLE
Application PeriodMar 17 (Mon) - noon, Mar 20 (Thu)
Price Determination DateMar 21 (Fri)
Result Announcement DateOn or before Mar 24 (Mon)
Result Announcement DateOn or before Mar 24 (Mon)
Result Announcement DateOn or before Mar 25 (Tue)
Dealings in Shares commence onMar 25, 2025. (Tue)
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$26.60 - $31.50
Capitalization15.65B - 18.53B
NAV / share ($)$19.32 - $20.03 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 29.05, the net proceeds raised would be HKD 2.43B, of which
90% : Development and the construction of alumina production projects in the Special Economic Zone, Bintan Island, Riau Islands Province, Indonesia
10% : 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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