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06616 環球新材國際
Global New Material International
Listing Date2021/07/16
Listing Price3.250
 
Quote
Subscription Result
  • Subscription Rate
    10.79x
  • Guarantee One Lot Size
    30 lot
  • One Lot Success Rate
    25%
COMPANY PROFILE

Global New Material International is the largest pearlescent pigment producer in the PRC market as measured by revenue in 2020 with a market share of 11.0%, according to the Frost & Sullivan Report.

The Group’s pearlescent pigment products can be broadly divided into natural mica-based pearlescent pigment products; synthetic mica-based pearlescent pigment products; glass flake-based pearlescent pigment products; and silicon oxide-based pearlescent pigment products, and they are sold to customers in the PRC and more than 30 countries and territories in Asia (excluding the PRC), Europe, Africa and South America under its brand of “Chesir Pearl”.

Its business principally focuses on the production and sales of a comprehensive portfolio of pearlescent pigment products for use in diverse applications and industries, including industrial coatings, plastics, textiles and leather, cosmetics and automotive coatings. It is a midstream producer in the value chain of pearlescent pigment industry.

Its end user customers include manufacturers in different industries, such as automotive coatings, cosmetics, industrial coatings, plastics, printing, textile and leather and ceramics, which use pearlescent pigment products as colourants and use synthetic mica powder for the production of pearlescent pigment products and as raw material for the production of functional fillers, insulating materials, refractory materials and nickel-hydrogen batteries.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureChemicals
Major Business AreaChina
Websitewww.chesir.net
Board Lot1000
GLOBAL OFFERING
No. of Offer Shares291m shares
No. of International Offer Shares262m shares
No. of HK Offer Shares29.07m shares
Offer Price$3.52 - $4.22
Registrar & Transfer OfficeTricor Investor Services
Stock Code6616
Sponsor(s)Essence Corporate Finance (Hong Kong) Limited
Underwriter(s)Essence Corporate Finance (Hong Kong) Limited; BOCOM International Securities Limited; China Industrial Securities International Capital Limited; China PA Securities (Hong Kong) Company Limited; CMBC Securities Company Limited; GF Securities (Hong Kong) Brokerage Limited; Guosen Securities (HK) Capital Company Limited; Guotai Junan Securities (Hong Kong) Limited; Shenwan Hongyuan Securities (H.K.) Limited; SPDB International Capital Limited; Yue Xiu Securities Company Limited; Futu Securities International (Hong Kong) Limited; Fuyuan Securities Limited; HK Monkey Securities Limited; Soochow Securities International Brokerage Limited; Valuable Capital Limited; Zhongtai International Securities Limited
TIME TABLE
Application PeriodJun 30 (Wed) - Noon, Jul 6 (Tue)
Price Determination DateOn or Before 5pm, Jul 6 (Tue)
Result Announcement DateOn or Before Jul 15 (Thu)
Dispatch of Shares and Refund ChequesOn or Before Jul 15 (Thu)
Dealings in Shares commence onJul 16, 2021. (Fri)
Reallocation of Shares Offered
Times of HK Offer Shares Subscription15X - 50X50X - 100XOver 100X
% of total shares reallocated to HK Offer30%40%50%
DIRECTORS
ExecutiveSU Ertian (Chairman), ZHENG Shizhan, JIN Zengqin, ZHOU Fangchao
Non-ExecutiveQIN Min, HU Yongxiang
Independent Non-ExecutiveMAK Hing Keung Thomas, HAN Gaorong, LEUNG Kwai Wah Alex
MAJOR SHAREHOLDERS
Director SU Ertian and related parties25.68%
INCOME STATEMENT (RMB'000)
(Year ended Dec 31)
202020192018
Revenue569,113440,583318,244
Gross Profit284,065218,277146,947
Pre-Taxed Profit177,821125,30187,746
Attributable Profit for the period148,172102,80677,400
OFFER STATISTICS (HK$)
Offer Price$3.52 - $4.22
Capitalization$4,093m - $4,907m
Unaudited pro forma adj NAV / share$2.04 - $2.21
USE OF PROCEEDS
Assuming the offer price being at the mid-point of $3.87, the net proceeds raised would be HK$1,052.9m, of which:
* $586.4m (55.6%) to be used for partial financing of the construction of our Phase 2 Production Plant;
* $358.9m (34.1%) to be used for partial financing of the construction of our Luzhai Synthetic Mica Plant;
* $74.0m (7.1%) to be used to increase investment in research and development facilities;
* $33.6m (3.2%) to be used for sales and marketing activities and building sales network
RELATED STOCK COMPARISON
Code Name Nominal Change %Change
01986TSAKER CHEMdown1.380-0.010-0.719%
06616GLOBAL NEW MATup5.9500.4708.577%
15-min delayed, last updated: 21/09/2021 17:59
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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