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01947 美皓集團
Listing Date2022/12/14
Listing Price0.840
  • 0.495 -0.005 (-1.000%)    Sink Below Listing Price
  • 15-min delayed, last update: 24/03/2023 18:00
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Meihao Medical Group is the largest private dental service provider in Wenzhou in terms of revenue in 2021, which accounted for approximately 25.2% and 13.2% market share of the private and total dental service market in Wenzhou in 2021, respectively.


The Group generated revenue primarily from providing comprehensive dental services to individuals, covering primarily four dental sectors namely, general dentistry, reparative dentistry, implant dentistry and orthodontics and cosmetic dentistry.


The Group owned and operated a network of five private dental hospitals in Wenzhou, namely Wenzhou Hospital, Lucheng Hospital and Wenzhou Oral Care in Wenzhou City Area, Rui’an Branch Hospital in Rui’an City and Longgang Hospital in Longgang City. It operates business under the trade names of “溫州牙科”, “溫州鹿城口腔”, “龍港口腔” and “溫州口腔” in the PRC. As at 31 May 2022, it had 53 dentists, 74 nurses and 46 other medical professionals.

MarketHong Kong (Main Board)
Business NatureHealth Care
Major Business AreaChina
Board Lot5000
No. of Offer Shares150.00M shares
No. of International Offer Shares105.00M shares
No. of HK Offer Shares45.00M shares
Offer Price$0.84 - $1.00
Stock Code1947
Sponsor(s)Innovax Capital Limited, Sinolink Securities (Hong Kong) Company Limited
Underwriter(s)Innovax Securities Limited, WE Securities Limited, Sinolink Securities (Hong Kong) Company Limited, Guotai Junan Securities (Hong Kong) Limited, CCB International Capital Limited, CMBC Securities Company Limited, Tiger Brokers (HK) Global Limited, SDHG International Securities Limited, HGNH International Securities Co., Limited
Application PeriodNov 30 (Wed) - noon, Dec 06 (Tue)
Price Determination DateDec 06 (Tue)
Result Announcement DateOn or before Dec 13 (Tue)
Result Announcement DateOn or before Dec 13 (Tue)
Dealings in Shares commence onDec 14, 2022. (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$0.84 - $1.00
Capitalization504.00M - 600.00M
NAV / share ($)$0.29 - $0.33 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 0.92, the net proceeds raised would be HKD 87.40M, of which
28.6% : Used for potential strategic acquisition of two dental hospitals in the PRC
27% : Funding the capital expenditure and initial operating costs for the development of Wenzhou Oral Care
14.1% : Funding the capital expenditure and initial operating costs for establishing Lucheng Children Hospital in Wenzhou
10% : Working capital
8.6% : Funding the capital expenditure and initial operating costs for establishing a dental clinic chain outside Wenzhou under a new trade name
5.4% : Establishing a dentistry training center
3.3% : Acquiring new dental devices and consumables
3% : Renovating Wenzhou Hospital to expand its children dental department
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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