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IPO Detail
02516 泛遠國際
FAR INTL
Listing Date2023/12/22
Listing Price0.900
 
Quote
  • 0.390 -0.025 (-6.024%)    Sink Below Listing Price
  • 15-min delayed, last update: 18/04/2024 17:59
Subscription Result
  • Subscription Rate
    14.49x
  • Guarantee One Lot Size
    20 lot
  • One Lot Success Rate
    7.72%
COMPANY PROFILE

FAR International Holdings Group is a cross-border e-commerce logistics service provider based in the PRC principally engaged in the provision of end-to-end cross-border logistics services.

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The Group operates its service outlets network directly providing parcel acceptance, warehousing, security check, repackaging, labelling and sorting services within the end-to-end logistics value chain, whereas its suppliers (including air/sea port operators, air and ocean carriers, customs brokers and third-party logistics service providers) operate air/sea port operation, customs clearance, international linehaul and last-mile delivery services, and provide express, standard or economic delivery service options to its customers based on its budget and preferences.

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According to report, the Group ranked between 25th to 30th among domestic cross-border e-commerce logistics providers in China in terms of cross-border e-commerce logistics revenue, occupying 0.03% market share with revenue of RMB1.0 billion in 2022.

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Its customers generally include e-commerce platforms, e-commerce sellers, other logistics service providers and traditional traders. For each of FY2020, FY2021, FY2022 and 6M2023, the majority of its revenue was derived from e-commerce related customers.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureTransportation
Major Business AreaChina
Board Lot4000
GLOBAL OFFERING
No. of Offer Shares140.00M shares
No. of Public Offer Shares14.00M shares
No. of Placing Shares126.00M shares
Offer Price$0.90 - $1.22
Stock Code2516
Sponsor(s)Grand Moore Capital Limited
Underwriter(s)Grand Moore Capital Limited, Valuable Capital Limited, China PA Securities (Hong Kong) Company Limited, CMBC Securities Company Limited, ICBC International Securities Limited, Shenwan Hongyuan Securities (H.K.) Limited
TIME TABLE
Application PeriodDec 12 (Tue) - noon, Dec 19 (Tue)
Price Determination DateDec 20 (Wed)
Result Announcement DateOn or before Dec 21 (Thu)
Result Announcement DateOn or before Dec 21 (Thu)
Result Announcement DateOn or before Dec 22 (Fri)
Dealings in Shares commence onDec 22, 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$0.90 - $1.22
Capitalization702.00M - 952.00M
NAV / share ($)$0.67 - $0.73 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 1.06, the net proceeds raised would be HKD 88.50M, of which
81.9% : Setting up new service outlets and expanding and upgrading existing service outlets in the PRC
18% : Investing in and upgrading information technology systems
0.1% : 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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