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IPO Detail
02439 中寶新材
CH TREASURES NM
Listing Date2023/03/31
Listing Price1.050
 
Quote
  • 0.405 -0.010 (-2.410%)    Sink Below Listing Price
  • 15-min delayed, last update: 28/03/2024 18:00
Subscription Result
  • Subscription Rate
    6.33x
  • Guarantee One Lot Size
    1 lot
  • One Lot Success Rate
    100%
COMPANY PROFILE

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.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureIndustrials
Major Business AreaChina
Board Lot2000
GLOBAL OFFERING
No. of Offer Shares250.00M shares
No. of International Offer Shares200.00M shares
No. of HK Offer Shares50.00M shares
Offer Price$1.05 - $1.35
Stock Code2439
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
TIME TABLE
Application PeriodMar 21 (Tue) - noon, Mar 24 (Fri)
Price Determination DateMar 24 (Fri)
Result Announcement DateOnorbefore Mar 30 (Thu)
Result Announcement DateOnorbefore Mar 30 (Thu)
Result Announcement DateOnorbefore Mar 30 (Thu)
Dealings in Shares commence onMar 31, 2023. (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$1.05 - $1.35
Capitalization1.05B - 1.35B
NAV / share ($)$0.38 - $0.43 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
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
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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