CH TREASURES NM
Listing Date | 2023/03/31 |
Listing Price | 1.050 |
- Subscription Rate6.33x
- Guarantee One Lot Size1 lot
- One Lot Success Rate100%
Listing Date | 2023/03/31 |
Listing Price | 1.050 |
China Treasures New Materials Group principally engage in manufacturing of biodegradable plastic products bags in Northeast China and its production base locates in Changchun, Jilin province, the PRC. It sells biodegradable masterbatches that can be used to manufacture biodegradable plastic products, namely, biodegradable produce bag rolls, biodegradable shopping bags, and biodegradable stretch wraps. In addition, it also sells non-biodegradable automobile plastic parts.
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All of its products were sold to customers in the PRC. Its major customers are mainly supermarket chains, department stores and outlets,
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The Group production base is located in Changchun, Jilin province, the PRC. It have two separate plants for biodegradable and non-biodegradable plastic products.
Market | Hong Kong (Main Board) |
Business Nature | Industrials |
Major Business Area | China |
Board Lot | 2000 |
No. of Offer Shares | 250.00M shares |
No. of International Offer Shares | 200.00M shares |
No. of HK Offer Shares | 50.00M shares |
Offer Price | $1.05 - $1.35 |
Stock Code | 2439 |
Sponsor(s) | Soochow Securities International Capital Limited |
Underwriter(s) | Soochow Securities International Brokerage Limited, China Galaxy International Securities (Hong Kong) Co., Limited, Eddid Securities and Futures Limited, Elstone Securities Limited, First Shanghai Securities Limited, Fosun International Securities Limited, Futu Securities International (Hong Kong) Limited, Grand China Securities Limited, Plutus Securities Limited, Sinomax Securities Limited, Sunhigh Financial Holdings Limited, Tiger Brokers (HK) Global Limited, VBG Capital Limited, Wealth Link Securities Limited, Zhongtai International Securities Limited, ZMF Asset Management Limited |
Application Period | Mar 21 (Tue) - noon, Mar 24 (Fri) |
Price Determination Date | Mar 24 (Fri) |
Result Announcement Date | Onorbefore Mar 30 (Thu) |
Result Announcement Date | Onorbefore Mar 30 (Thu) |
Result Announcement Date | Onorbefore Mar 30 (Thu) |
Dealings in Shares commence on | Mar 31, 2023. (Fri) |
Times of HK Offer Shares Subscription | 15X - 50X | 50X - 100X | Over 100X |
% of total shares reallocated to HK Offer | 30% | 40% | 50% |
Offer Price | $1.05 - $1.35 |
Capitalization | 1.05B - 1.35B |
NAV / share ($) | $0.38 - $0.43 (Unaudited pro forma adj NAV / share) |
Assuming the offer price being at HKD 1.2, the net proceeds raised would be HKD 181.00M, of which |
33.3% : Expand and establish new production lines in Changchun Production Base |
33.2% : Establish a new production base in Huizhou |
4.3% : Strengthen R&D capabilities and upgrade existing R&D equipment |
21.4% : Finance R&D projects |
3% : Strengthen IT system |
4.8% : Working capital |
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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