02440 濠暻科技
HOWKINGTECH
HOWKINGTECH
| Listing Date | 2022/12/12 |
| Listing Price | 2.730 |
Quote
Subscription Result
- Subscription Rate96.73x
- Guarantee One Lot Size20 lot
- One Lot Success Rate10%
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IPO Detail
COMPANY PROFILE
Howkingtech International Holding Limited are a PRC provider for data transmission and processing services for IoT applications and telecommunication equipment, serving a broad range of industrial customers. It mainly provided customized data transmission and processing services to customers in manufacturing, municipal services and other industries in the PRC, and researched, developed and sold telecommunication equipment. To a lesser extent, it also generated revenue from provision of other services, such as telecommunication equipment maintenance and telecommunication consulting services.
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The Group have been offering customers with private 5G network services since 2020. It had accomplished a total of 98 projects of data transmission and processing services for IoT applications, among which 18 projects were private 5G network service projects. It also sold 5G and other telecommunication equipment in the PRC and export antennas to the United States and Russia.
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As of 21 Nov 2022, the Group successfully developed its proprietary 5G telecommunication equipment with certain self-developed core module and software embedded, such as front end module, digital front-end algorithm and protocol stack. It
had 93 utility model patents, 17 patents for invention, two patents for industrial design and 80 copyrights registered in the PRC in relation to data transmission and processing services for IoT applications and telecommunication equipment.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Software & Services |
| Major Business Area | China |
| Board Lot | 1000 |
GLOBAL OFFERING
| No. of Offer Shares | 36.00M shares |
| No. of International Offer Shares | 21.60M shares |
| No. of HK Offer Shares | 14.40M shares |
| Offer Price | $2.73 - $3.28 |
| Stock Code | 2440 |
| Sponsor(s) | Ping An of China Capital (Hong Kong) Company Limited |
| Underwriter(s) | China PA Securities (Hong Kong) Company Limited, Innovax Securities Limited, Tiger Brokers (HK) Global Limited, CMBC Securities Company Limited, Valuable Capital Limited, Central China International Capital Limited, Lego Securities Limited |
TIME TABLE
| Application Period | Nov 30 (Wed) - noon, Dec 05 (Mon) |
| Price Determination Date | Dec 05 (Mon) |
| Result Announcement Date | On or before Dec 09 (Fri) |
| Result Announcement Date | On or before Dec 09 (Fri) |
| Dealings in Shares commence on | Dec 12, 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 | $2.73 - $3.28 |
| Capitalization | 614.30M - 738.00M |
| NAV / share ($) | $1.20 - $1.28 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 3.01, the net proceeds raised would be HKD 69.40M, of which |
| 49% : Improving private 5G network services |
| 15.7% : Researching and developing industrial WLAN |
| 8.7% : Developing a common digitalization foundation to further upgrade Universal IoT Platform |
| 7.4% : R&D infrastructure upgrading |
| 9.9% : Strengthening business development capabilities |
| 9.3% : Working capital |
IPO NEWS
| 12/12/2022 16:08 |
| {New Stock}HOWKINGTECH(02440) ends down 26.74% at HK$2 |
| 12/12/2022 09:20 |
| {New Stock}HOWKINGTECH(02440) opens down 18.68% at HK$2.22 |
| 09/12/2022 18:35 |
| {New Stock}HOWKINGTECH ends down 16.12% on grey market |
| 09/12/2022 16:20 |
| {New Stock}HOWKINGTECH down 3.3% at HK$2.64 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).