02503 中深建業
ZHONGSHENJIANYE
ZHONGSHENJIANYE
| Listing Date | 2024/01/09 |
| Listing Price | 1.000 |
Subscription Result
- Subscription Rate58.44x
- Guarantee One Lot Size1 lot
- One Lot Success Rate100%
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IPO Detail
COMPANY PROFILE
Zhongshen Jianye Holding is a growing private general contracting construction enterprise in the PRC. According to report, it ranked top 50 out of over 10,000 private construction companies headquartered in Guangdong Province in terms of revenue in 2022, accounting for a market share of approximately 0.23%.
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Its projects encompass a wide range of construction works, including construction engineering works which primarily consist of structural and/or engineering works; municipal and public construction works which primarily consist of all urban and rural public infrastructure construction; foundation engineering works which primarily consist of earthwork and foundation construction and slope protection work; and specialised contracting works which require strong professionalism and primarily consist of building renovation and decoration works services.
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During the period comprising FY2020, FY2021, FY2022 and 6M2023, it secured 55, 54, 62 and 35 new projects, respectively, and completed 50, 55, 33 and 26 projects, respectively. As of 19 December 2023, it had 131 ongoing projects (either in progress or yet to commence).
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Its customers mainly include government departments, SOEs, and listed and private enterprises.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Construction |
| Major Business Area | China |
| Board Lot | 4000 |
GLOBAL OFFERING
| No. of Offer Shares | 128.70M shares |
| No. of Public Offer Shares | 51.48M shares |
| No. of Placing Shares | 77.22M shares |
| Offer Price | $1.00 |
| Stock Code | 2503 |
| Sponsor(s) | Kingsway Capital Limited |
| Underwriter(s) | Beta International Securities Limited, Valuable Capital Limited |
TIME TABLE
| Application Period | Dec 28 (Thu) - noon, Jan 04 (Thu) |
| Price Determination Date | -- |
| Result Announcement Date | On or before Jan 08 (Mon) |
| Result Announcement Date | On or before Jan 08 (Mon) |
| Result Announcement Date | On or before Jan 09 (Tue) |
| Dealings in Shares commence on | Jan 09, 2024. (Tue) |
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 | $1.00 |
| Capitalization | 514.80M |
| NAV / share ($) | $0.93 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 1.00, the net proceeds raised would be HKD 85.00M, of which |
| 45.7% : Fund capital needs and cash flow of certain projects that have been awarded recently |
| 41.3% : Acquire certain machinery |
| 7% : Hire additional manpower |
| 6% : 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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Listing --Offer Price︰--
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| Admission Fee* |
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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).