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02372 偉立控股
Listing Date2022/06/30
Listing Price0.630
  • 0.440 -0.005 (-1.124%)    Sink Below Listing Price
  • 15-min delayed, last update: 24/03/2023 18:00
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WEIli Holdings Limited is a PRC-based cigarette packaging paper manufacturer. It supplies products primarily to cigarette package manufacturers mainly including Hubei Province and Henan Province.

According to the Industry Report, the Group was ranked as the largest cigarette packaging paper manufacturer (in terms of sales value) with a market share of approximately 14.9% in Hubei Province in 2020. Its products were used as cigarette packaging materials for at least nine cigarette brands which were recognised as the ‘‘Dual 15 cigarette brands (雙十五煙草品牌)’’ by the STMA. The ‘‘Dual 15 cigarette brands’’ represent the 15 cigarette brands which derived the highest sales from mid-to-high-end cigarettes in 2020 in the PRC.

The Group revenue was mainly derived from the sale of cigarette packaging paper. Its products are categorised into transfer paper; laminated paper; and frame paper.

The Group self-owned production base, is located in Hong’an County, Huanggang, Hubei Province. It operated a total of seven production lines.

MarketHong Kong (Main Board)
Business NatureIndustrials
Major Business AreaChina
Board Lot4000
No. of Offer Shares200.00M shares
No. of Placing Shares180.00M shares
No. of Public Offer Shares20.00M shares
Offer Price$0.63 - $0.67
Stock Code2372
Sponsor(s)Grande Capital Limited
Underwriter(s)First Shanghai Securities Limited, CRIC Securities Company Limited, Zhongtai International Securities Limited, Valuable Capital Limited, Cinda International Capital Limited, Livermore Holdings Limited, China Galaxy International Securities (Hong Kong) Co., Limited, Kingsway Financial Services Group Limited
Application PeriodJun 17 (Fri) - noon, Jun 22 (Wed)
Price Determination DateJun 24 (Fri)
Result Announcement DateOn or before Jun 29 (Wed)
Result Announcement DateOn or before Jun 29 (Wed)
Dealings in Shares commence onJun 30, 2022. (Thu)
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$0.63 - $0.67
Capitalization504.00M - 536.00M
NAV / share ($)$0.28 - $0.29 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 0.65, the net proceeds raised would be HKD 94.10M, of which
35.4% : Constructing a two-storey factory building
25.9% : Acquiring four sets of advanced laminating machine and ten sets of automatic control system
19.5% : Constructing a research and development centre, acquiring advanced research and development equipment
6.4% : Enhancing enterprise resource planning system and infrastructure systems
2.9% : Increasing marketing efforts by establishing three sales centres in Shanghai Municipality, Yunnan Province and Henan Province
9.9% : 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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