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02440 濠暻科技
Listing Date2022/12/12
Listing Price2.730
  • 2.090 +0.070 (+3.465%)    Sink Below Listing Price
  • 15-min delayed, last update: 01/06/2023 17:59
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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.


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.


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.

MarketHong Kong (Main Board)
Business NatureSoftware & Services
Major Business AreaChina
Board Lot1000
No. of Offer Shares36.00M shares
No. of International Offer Shares21.60M shares
No. of HK Offer Shares14.40M shares
Offer Price$2.73 - $3.28
Stock Code2440
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
Application PeriodNov 30 (Wed) - noon, Dec 05 (Mon)
Price Determination DateDec 05 (Mon)
Result Announcement DateOn or before Dec 09 (Fri)
Result Announcement DateOn or before Dec 09 (Fri)
Dealings in Shares commence onDec 12, 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$2.73 - $3.28
Capitalization614.30M - 738.00M
NAV / share ($)$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
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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