CONTIOCEAN
Listing Date | 2025/01/09 |
Listing Price | 31.800 |
- Subscription Rate55.33x
- Guarantee One Lot Size20 lot
- One Lot Success Rate40.01%
Listing Date | 2025/01/09 |
Listing Price | 31.800 |
Contiocean Environment Tech Group Co., Ltd. is a PRC-based maritime environmental protection equipment and system provider serving customers from different regions. The Group’s equipment and systems aim to help customers such as shipowners in reducing sulfur and GHG emissions. In addition, the Group aim to help its customers in upgrading the life quality for their ship crew members, by offering interior design and supplying equipment and systems that improve the onboard living conditions and enhance maritime operations.
--
The Group ranked third among ship exhaust gas cleaning system providers based in China and fourth among all ship exhaust gas cleaning system providers in the world in terms of the volume of total number of completed orders during 2023 and the cumulative on-hand orders as of December 31, 2023 for ship exhaust gas cleaning systems according to Frost & Sullivan.
--
The Group have a suite of maritime environmental protection equipment and systems, helping its customers to pursue more effective and sustainable business operations while meeting various ESG requirements set by the IMO. The equipment and systems include marine exhaust gas cleaning systems, marine energy-saving devices, marine clean-energy supply systems and maritime services.
--
The Group’s marine exhaust gas cleaning systems (which mostly includes the ship exhaust gas cleaning systems) contributed to the majority of its revenue. The customers for the Group’s equipment and systems primarily include shipowners, ship management companies and ship builders.
Market | Hong Kong (Main Board) |
Business Nature | Industrials |
Major Business Area | China |
Board Lot | 100 |
No. of Offer Shares | 10.00M H shares |
No. of International Offer Shares | 8.11M H shares |
No. of HK Offer Shares | 1.89M H shares |
Offer Price | $31.80 - $39.80 |
Stock Code | 2613 |
Sponsor(s) | CITIC Securities (Hong Kong) Limited, China Galaxy International Securities (Hong Kong) Co., Limited |
Underwriter(s) | CLSA Limited, China Galaxy International Securities (Hong Kong) Co., Limited, BNP Paribas Securities (Asia) Limited, BOCI Asia Limited, CCB International Capital Limited, CEB International Capital Corporation Limited, China Everbright Securities (HK) Limited, China Sunrise Securities (International) Limited, Fortune Origin Securities Limited, Futu Securities International (Hong Kong) Limited, ICBC International Securities Limited, Lego Securities Limited, Livermore Holdings Limited, Quam Securities Limited, SPDB International Capital Limited, Tiger Brokers (HK) Global Limited, TradeGo Markets Limited |
Application Period | Dec 31 (Tue) - noon, Jan 06 (Mon) |
Price Determination Date | Jan 07 (Tue) |
Result Announcement Date | On or before Jan 08 (Wed) |
Result Announcement Date | On or before Jan 08 (Wed) |
Result Announcement Date | On or before Jan 09 (Thu) |
Dealings in Shares commence on | Jan 09, 2025. (Thu) |
Times of HK Offer Shares Subscription | 15X - 50X | 50X - 100X | Over 100X |
% of total shares reallocated to HK Offer | 30% | 40% | 50% |
Offer Price | $31.80 - $39.80 |
Capitalization (H Shares) | 1.27B - 1.59B |
NAV / share ($) | $13.01 - $14.94 (Unaudited pro forma adj NAV / share) |
Assuming the offer price being at HKD 35.8, the net proceeds raised would be HKD 312.00M, of which |
50% : Used in connection with R&D |
15% : Used for potential mergers and acquisitions |
15% : Leasing a production facility in Mainland China or Southeast Asia, and acquire information technology software and hardware for the production facility |
10% : Establishing eight service centers internationally, including Asia, Europe, North America and the Middle East |
10% : Working capital |
09/01/2025 16:08 |
{New Stock}CONTIOCEAN(02613) ends up 6.29% at HK$33.8 |
09/01/2025 09:20 |
{New Stock}CONTIOCEAN(02613) opens up 6.76% at HK$33.95 |
08/01/2025 18:35 |
{New Stock}CONTIOCEAN ends up 6.92% at HK$34 on grey market |
08/01/2025 16:20 |
{New Stock}CONTIOCEAN up 8.49% at HK$34.5 on grey market |
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). |
Currency | : |
Listing Price | : |
Board Lot | : |
Admission Fee* |
: |
Subscribing Lot | : |
Subscribing Fee | : |
Subscribing Amount | : |