02372 偉立控股
WEILI HOLDINGS
WEILI HOLDINGS
| Listing Date | 2022/06/30 |
| Listing Price | 0.630 |
Quote
Subscription Result
- Subscription Rate11.37x
- Guarantee One Lot Size20 lot
- One Lot Success Rate5.39%
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IPO Detail
COMPANY PROFILE
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.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Industrials |
| Major Business Area | China |
| Board Lot | 4000 |
GLOBAL OFFERING
| No. of Offer Shares | 200.00M shares |
| No. of Placing Shares | 180.00M shares |
| No. of Public Offer Shares | 20.00M shares |
| Offer Price | $0.63 - $0.67 |
| Stock Code | 2372 |
| 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 |
TIME TABLE
| Application Period | Jun 17 (Fri) - noon, Jun 22 (Wed) |
| Price Determination Date | Jun 24 (Fri) |
| Result Announcement Date | On or before Jun 29 (Wed) |
| Result Announcement Date | On or before Jun 29 (Wed) |
| Dealings in Shares commence on | Jun 30, 2022. (Thu) |
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 | $0.63 - $0.67 |
| Capitalization | 504.00M - 536.00M |
| NAV / share ($) | $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
| 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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*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).