02237 中國石墨
CHINA GRAPHITE
CHINA GRAPHITE
| Listing Date | 2022/07/18 |
| Listing Price | 0.325 |
Subscription Result
- Subscription Rate26.51x
- Guarantee One Lot Size15 lot
- One Lot Success Rate30.01%
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IPO Detail
COMPANY PROFILE
China Graphite Group engaged in the production and sales of flake graphite concentrate and spherical graphite in the PRC. The production of principal products, i.e. flake graphite concentrate and spherical graphite, in its beneficiation and processing plants relies on the supply of unprocessed graphite extracted from its Beishan Mine and those purchased from third-party suppliers. As a by-product of its extraction operations, it also sell unprocessed marble.
The Group have been selling flake graphite concentrate since the commencement of business in 2006, with a focus on those with a carbon content between 94% and 96.8%.
Its major customers were primarily industrial manufacturers and retailers of heat-resistant materials.
Beishan Mine is an open-pit graphite ore mine which is located Luobei County in Heilongjiang Province. According to the Independent Technical Report, its Beishan Mine comprised approximately 14,000 kilo tonnes of Indicated Resource and approximately 1,000 kilo tonnes of Inferred Resource in relation to graphite resources, and had an estimated life of mine of approximately 20 years as at December 31, 2021.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Diversified Metals & Minerals |
| Major Business Area | China |
| Board Lot | 10000 |
GLOBAL OFFERING
| No. of Offer Shares | 400.00M shares |
| No. of International Offer Shares | 280.00M shares |
| No. of HK Offer Shares | 120.00M shares |
| Offer Price | $0.325 - $0.375 |
| Stock Code | 2237 |
| Sponsor(s) | Lego Corporate Finance Limited |
| Underwriter(s) | Lego Securities Limited, CCB International Capital Limited, China Galaxy International Securities (Hong Kong) Co., Limited, China Tonghai Securities Limited, Guotai Junan Securities (Hong Kong) Limited, AMC Wanhai Securities Limited, Matrix Securities Limited, Elstone Securities Limited, Golden Eagle Brokerage Limited, Alpha Financial Group Limited, CIS Securities Asset Management Limited, Eddid Securities and Futures Limited, SDHG International Securities Limited |
TIME TABLE
| Application Period | Jun 30 (Thu) - noon, Jul 08 (Fri) |
| Price Determination Date | Jul 08 (Fri) |
| Result Announcement Date | On or before Jul 15 (Fri) |
| Result Announcement Date | On or before Jul 15 (Fri) |
| Dealings in Shares commence on | Jul 18, 2022. (Mon) |
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 | $0.325 - $0.375 |
| Capitalization | 520.00M - 600.00M |
| NAV / share ($) | $0.25 - $0.26 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 0.35, the net proceeds raised would be HKD 93.00M, of which |
| 32.4% : For land acquisition |
| 31.6% : For construction |
| 36% : Purchasing and installing machinery and equipment |
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).