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02418 德銀天下
Listing Date2022/07/15
Listing Price1.800
  • 0.820 -0.040 (-4.651%)    Sink Below Listing Price
  • 15-min delayed, last update: 24/03/2023 18:00
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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.

MarketHong Kong (Main Board)
Business NatureCommercial & Professional Services
Major Business AreaChina
Board Lot1500
No. of Offer Shares543.00M H shares
No. of International Offer Shares520.10M H shares
No. of HK Offer Shares22.90M H shares
Offer Price$1.78 - $2.13
Stock Code2418
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
Application PeriodJun 30 (Thu) - noon, Jul 08 (Fri)
Price Determination DateJul 08 (Fri)
Result Announcement DateOn or before Jul 14 (Thu)
Result Announcement DateOn or before Jul 14 (Thu)
Dealings in Shares commence onJul 15, 2022. (Fri)
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$1.78 - $2.13
Capitalization3.87B - 4.63B
NAV / share ($)$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
Remark: The above information is referenced from the prospectus.
  All data is calculated from the non- exercise rights(if applicable).
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