MEIG
| Register Close | 2026/03/05 IPO Closing in 6 Days |
| Listing Date | 2026/03/10 |
| Register Close | 2026/03/05 IPO Closing in 6 Days |
| Listing Date | 2026/03/10 |
MeiG Smart Technology Co. is a provider of wireless communication modules and solutions, with a focus on smart modules, particularly high-computing-power smart modules. Its modules and solutions are widely applied across the general internal of things (IoT), Intelligent Connected Vehicle (ICV) and wireless broadband sectors.
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Customized products and solutions for customers represented a substantial portion of the Group’s revenue. According to the report, the Group ranked fourth in the global wireless communication module industry in terms of revenue from wireless communication module business in 2024, accounting for 6.4% of the global market share.
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The Group’s portfolio of wireless communication modules includes: Smart modules, which are equipped with system-on-chips processors and smart operating systems, and can be further categorized into: High-computing-power smart modules, primarily designed to run complex algorithms and support on-device AI applications; and Regular smart modules, primarily designed for smart applications such as custom software and multi-media functions. Data transmission modules, primarily designed for data communication, security and high-throughput data exchange.
| Market | Hong Kong (Main Board) |
| Business Nature | IT Hardware |
| Major Business Area | China |
| Board Lot | 100 |
| No. of Offer Shares | 35.00M H shares |
| No. of International Offer Shares | 31.50M H shares |
| No. of HK Offer Shares | 3.50M H shares |
| Offer Price | $28.86 |
| Stock Code | 3268 |
| Sponsor(s) | China International Capital Corporation Hong Kong Securities Limited |
| Underwriter(s) | China International Capital Corporation Hong Kong Securities Limited, BNP Paribas Securities (Asia) Limited, China Industrial Securities International Capital Limited, Futu Securities International (Hong Kong) Limited, Tiger Brokers (HK) Global Limited, Open Securities Limited |
| Application Period | Feb 27 (Fri) - noon, Mar 05 (Thu) |
| Price Determination Date | Mar 06 (Fri) |
| Result Announcement Date | On or before Mar 09 (Mon) |
| Result Announcement Date | On or before Mar 09 (Mon) |
| Result Announcement Date | On or before Mar 10 (Tue) |
| Dealings in Shares commence on | Mar 10, 2026. (Tue) |
| Offer Price | $28.86 |
| Capitalization (H Shares) | 1.01B |
| NAV / share ($) | $9.17 (Unaudited pro forma adj NAV / share) |
| Assuming the offer price being at HKD 28.86, the net proceeds raised would be HKD 944.50M, of which |
| 55% : Enhancing R&D and innovation capabilities |
| 10% : Expanding overseas sales network and promoting products in overseas markets |
| 10% : Strategic investments or acquisition |
| 15% : Repayment of certain interest-bearing bank borrowings |
| 10% : Working capital |
| Prospectus |
| Remark: | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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