02245 力勤資源
LYGEND RESOURCE
LYGEND RESOURCE
| Listing Date | 2022/12/01 |
| Listing Price | 15.800 |
Quote
Subscription Result
- Subscription Rate1.47x
- Guarantee One Lot Size2 lot
- One Lot Success Rate80%
|
|
|
|
|
|
|
|
|
|
IPO Detail
COMPANY PROFILE
Lygend Resources & Technology Co. is a company with business across the entire nickel industry value chain. It is engaged in both the trading and the production of nickel products. For nickel product trading, it ranked first globally in terms of nickel product trading volume in 2021, and first in China in terms of nickel ore trading volume in 2021, with a market share of 26.8% in 2021.
--
The Group is China’s largest trading company of nickel ore. It primarily trades laterite nickel ore sourced from nickel mining companies in the Philippines and Turkey. For nickel product production, the HPAL project on the Obi Island, Indonesia, which it have jointly developed with Indonesian Partner, is one of the most technically advanced nickel-cobalt compound hydrometallurgy projects worldwide. It generates revenues primarily from the trading and production of nickel products, and to a lesser extent, equipment manufacturing and sale, and other businesses.
--
Its products are widely used in various downstream sectors including the NEV and stainless steel industries. Its customers primarily consist of smelting and refining companies and stainless steel manufacturers in the stainless steel industry, as well as smelting and refining companies and ternary battery material manufacturers in the NEV industry.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Diversified Metals & Minerals |
| Major Business Area | China |
| Board Lot | 200 |
GLOBAL OFFERING
| No. of Offer Shares | 232.55M H shares |
| No. of International Offer Shares | 209.29M H shares |
| No. of HK Offer Shares | 23.25M H shares |
| Offer Price | $15.60 - $19.96 |
| Stock Code | 2245 |
| Sponsor(s) | China International Capital Corporation Hong Kong Securities Limited, CMB International Capital Limited |
| Underwriter(s) | China International Capital Corporation Hong Kong Securities Limited, CMB International Capital Limited, BOCI Asia Limited, DBS Asia Capital Limited, ABCI Securities Company Limited, BNP Paribas Securities (Asia) Limited, Silverbricks Securities Company Limited |
TIME TABLE
| Application Period | Nov 21 (Mon) - noon, Nov 24 (Thu) |
| Price Determination Date | Nov 24 (Thu) |
| Result Announcement Date | On or before Nov 30 (Wed) |
| Result Announcement Date | On or before Nov 30 (Wed) |
| Dealings in Shares commence on | Dec 01, 2022. (Thu) |
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 | $15.60 - $19.96 |
| Capitalization | 24.18B - 30.94B |
| NAV / share ($) | $5.05 - $5.68 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 17.78, the net proceeds raised would be HKD 3.96B, of which |
| 56.4% : For development and construction of nickel product production projects on the Obi Island |
| 24% : Contribute additional capital to CBL, its joint venture with Contemporary Amperex Technology Co., which will be focused on projects across the NEV battery value chain |
| 9.6% : For potential minority investments in nickel mines in Indonesia |
| 10% : Working capital |
IPO NEWS
| 01/12/2022 16:08 |
| {New Stock}LYGEND RESOURCE(02245) ends flat at HK$15.8 |
| 01/12/2022 09:20 |
| {New Stock}LYGEND RESOURCE(02245) opens flat at HK$15.8 |
| 30/11/2022 18:35 |
| {New Stock}LYGEND RESOURCE ends down 1.9% on grey market |
| 30/11/2022 16:20 |
| {New Stock}LYGEND RESOURCE(02245) down 4.43% 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). |
Name︰
--
--
--
Subscription --
Result Announcement --
Listing --Offer Price︰--
| Currency | : |
| Listing Price | : |
| Board Lot | : |
| Admission Fee* |
: |
| Subscribing Lot | : |
| Subscribing Fee | : |
| Subscribing Amount | : |
*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).