02418 德銀天下
DEEWIN
DEEWIN
| Listing Date | 2022/07/15 |
| Listing Price | 1.800 |
Quote
Subscription Result
- Subscription Rate0.42x
- Guarantee One Lot Size1 lot
- One Lot Success Rate100%
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IPO Detail
COMPANY PROFILE
Deewin Tianxia Co. provide various value-added services, including logistics and supply chain services, financial services and IoV data services, to players along the commercial automobile industry chain. Commercial automobiles mainly include trucks, pickups, trailers, buses and lorries.
Its business operations can be categorised into the following sectors:
1.Logistics and supply chain service sector, including supply chain business, automobile sales business, and aftermarket product business.
2.Supply chain financial service sector, including financial leasing business, and factoring business.
3.IoV and data service sector, including sales of IoV-related products and provision of IoV solutions, which involve pre-installation of IoV devices on commercial automobiles and provision of IoV data analytic services.
The Group major customers mainly included commercial automobile manufacturers and sales dealers, components suppliers, logistics companies, commercial automobile and aftermarket product end-users and governmental or industry regulatory bodies.
Shaanxi Automobile, Shaanxi Automobile Holding and Shaanxi Commercial Automobile will be its Controlling Shareholders. Shaanxi Holding Group is the fourth largest commercial automobile group in the PRC in terms of sale volume of heavy commercial automobiles in 2021, with a market share of 13.8% in 2021.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Commercial & Professional Services |
| Major Business Area | China |
| Board Lot | 1500 |
GLOBAL OFFERING
| No. of Offer Shares | 543.00M H shares |
| No. of International Offer Shares | 520.10M H shares |
| No. of HK Offer Shares | 22.90M H shares |
| Offer Price | $1.78 - $2.13 |
| Stock Code | 2418 |
| Sponsor(s) | China Securities (International) Corporate Finance Company Limited |
| Underwriter(s) | China Securities (International) Corporate Finance Company Limited, Huatai Financial Holdings (Hong Kong) Limited, CEB International Capital Corporation Limited, BOCI Asia Limited, Zhongtai International Securities Limited, Futu Securities International (Hong Kong) Limited, Tiger Brokers (HK) Global Limited, Livermore Holdings Limited, Guotai Junan Securities (Hong Kong) Limited, Eddid Securities and Futures Limited |
TIME TABLE
| Application Period | Jun 30 (Thu) - noon, Jul 08 (Fri) |
| Price Determination Date | Jul 08 (Fri) |
| Result Announcement Date | On or before Jul 14 (Thu) |
| Result Announcement Date | On or before Jul 14 (Thu) |
| Dealings in Shares commence on | Jul 15, 2022. (Fri) |
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 | $1.78 - $2.13 |
| Capitalization | 3.87B - 4.63B |
| NAV / share ($) | $1.71 - $1.8 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 1.96, the net proceeds raised would be HKD 973.40M, of which |
| 37.5% : Ｄevelopment of an offline digital warehousing and distribution network, as well as a repair service network targeting at commercial automobile aftermarket |
| 22.5% : Ongoing establishment, upgrade and development of online service platform for commercial automobile aftermarket |
| 30% : Enhance the core technology capabilities and data service capabilities of IoV and data service sector |
| 10% : 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).