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IPO Detail
02237 中國石墨
Listing Date2022/07/18
Listing Price0.325
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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.

MarketHong Kong (Main Board)
Business NatureDiversified Metals & Minerals
Major Business AreaChina
Board Lot10000
No. of Offer Shares400.00M shares
No. of International Offer Shares280.00M shares
No. of HK Offer Shares120.00M shares
Offer Price$0.325 - $0.375
Stock Code2237
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
Application PeriodJun 30 (Thu) - noon, Jul 08 (Fri)
Price Determination DateJul 08 (Fri)
Result Announcement DateOn or before Jul 15 (Fri)
Result Announcement DateOn or before Jul 15 (Fri)
Dealings in Shares commence onJul 18, 2022. (Mon)
Reallocation of Shares Offered
Times of HK Offer Shares Subscription15X - 50X50X - 100XOver 100X
% of total shares reallocated to HK Offer30%40%50%
Sales Statistics (HKD)
Offer Price$0.325 - $0.375
Capitalization520.00M - 600.00M
NAV / share ($)$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
Remark: The above information is referenced from the prospectus.
  All data is calculated from the non- exercise rights(if applicable).
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