02529 泓盈城市服務
HOLLWIN URBAN
HOLLWIN URBAN
| Listing Date | 2024/05/17 |
| Listing Price | 3.200 |
Quote
Subscription Result
- Subscription Rate47.59x
- Guarantee One Lot Size15 lot
- One Lot Success Rate80.03%
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IPO Detail
COMPANY PROFILE
Hollwin Urban Operation Service Group is a state-owned urban service and operation provider with business operations primarily based in Changsha, Hunan Province.
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The services the Group provide can be divided into three categories depending on service characteristics and industry standards: (i) property management services, including different property management services and value-added services to public properties, commercial properties, and residential properties; (ii) urban services, including landscaping and engineering, lighting system operation, parking lot operation, and municipal sanitation services; and (iii) commercial operation services.
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The Group’s market share in terms of GFA under management and total revenue from all business segments in 2023 was approximately 0.72% and 1.08% of the property management market in Hunan Province. Its market share in terms of revenue generated from urban services in 2023 was approximately 0.50% of the urban service market in Hunan Province. Its market share in terms of GFA under management in 2023 was approximately 0.88% of the commercial operation services market in Hunan Province.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Properties |
| Major Business Area | China |
| Board Lot | 1000 |
GLOBAL OFFERING
| No. of Offer Shares | 40.00M H shares |
| No. of International Offer Shares | 28.00M H shares |
| No. of HK Offer Shares | 12.00M H shares |
| Offer Price | $3.20 - $3.60 |
| Stock Code | 2529 |
| Sponsor(s) | China International Capital Corporation Hong Kong Securities Limited |
| Underwriter(s) | China International Capital Corporation Hong Kong Securities Limited, ABCI Securities Company Limited, CEB International Capital Corporation Limited, China Sunrise Securities (International) Limited, Cinda International Capital Limited, CMBC Securities Company Limited, CMB International Capital Limited, ICBC International Securities Limited, Livermore Holdings Limited, UOB Kay Hian (Hong Kong) Limited, Zhongtai International Securities Limited |
TIME TABLE
| Application Period | May 08 (Wed) - noon, May 13 (Mon) |
| Price Determination Date | May 14 (Tue) |
| Result Announcement Date | On or before May 16 (Thu) |
| Result Announcement Date | On or before May 16 (Thu) |
| Result Announcement Date | On or before May 17 (Fri) |
| Dealings in Shares commence on | May 17, 2024. (Fri) |
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 | $3.20 - $3.60 |
| Capitalization | 512.00M - 576.00M |
| NAV / share ($) | $2.31 - $2.4 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 3.40, the net proceeds raised would be HKD 93.30M, of which |
| 29.2% : Pursuing potential strategic acquisition opportunities of property management service providers and urban service providers |
| 21% : Purchase of operational vehicles and equipment for municipal sanitation services and lighting system operation services, enhancing service capacity |
| 25.2% : Used over the next four years for further technology development to bolster technological capabilities |
| 15.3% : Recruiting talent and improving employee training |
| 9.3% : Working capital |
IPO NEWS
| 17/05/2024 16:08 |
| {New Stock}HOLLWIN URBAN(02529) ends up 0.31% at HK$3.21 |
| 17/05/2024 09:20 |
| {New Stock}HOLLWIN URBAN(02529) opens up 8.12% at HK$3.46 |
| 16/05/2024 18:35 |
| {New Stock}HOLLWIN URBAN ends up 11.56% on grey market |
| 16/05/2024 16:20 |
| {New Stock}HOLLWIN URBAN up 12.5% at HK$3.6 on grey market |
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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*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).