06661 湖州燃氣
HUZHOU GAS
HUZHOU GAS
| Listing Date | 2022/07/13 |
| Listing Price | 6.080 |
Quote
Subscription Result
- Subscription Rate8.08x
- Guarantee One Lot Size12 lot
- One Lot Success Rate15.01%
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IPO Detail
COMPANY PROFILE
Huzhou Gas engaged in sale of gas, mainly PNG under the Concessions; provision of construction and installation services to construct and install end-user pipeline network and gas facilities for customers such as property developers and owners or occupants of residential and non-residential properties; and sale of household gas appliances.
The Group is the largest piped natural gas (PNG) distributor in terms of sales volume in Huzhou, a major prefecture-level city in Zhejiang Province, the PRC, with a market share of 44.1% in Huzhou; and the fifth largest PNG distributor in terms of sales volume in Zhejiang Province, with a market share of 3.0% in Zhejiang Province in 2021, according to the F&S Report.
Since 2004 and 2009, the Group has been the exclusive distributor of PNG in the Wuxing Operating Area and Nanxun Operating Area, respectively, under the Concession Agreements for an initial term of 30 years. It owned and operated several PNG operational facilities, including two city gateway stations; seven pressure regulating stations; and one LNG storage station.
BASIC INFORMATION
| Market | Hong Kong (Main Board) |
| Business Nature | Utilities |
| Major Business Area | China |
| Board Lot | 500 |
GLOBAL OFFERING
| No. of Offer Shares | 50.00M H shares |
| No. of International Offer Shares | 45.00M H shares |
| No. of HK Offer Shares | 5.00M H shares |
| Offer Price | $6.08 |
| Stock Code | 6661 |
| Sponsor(s) | BOCOM International (Asia) Limited |
| Underwriter(s) | BOCOM International Securities Limited, Sigma Capital Management Limited, CEB International Capital Corporation Limited, China Everbright Securities (HK) Limited, China Industrial Securities International Capital Limited, China Tonghai Securities Limited, CMBC Securities Company Limited, Eddid Securities and Futures Limited, Essence International Securities (Hong Kong) Limited, Guotai Junan Securities (Hong Kong) Limited, Livermore Holdings Limited, Maxa Capital Limited, Zhongtai International Securities Limited |
TIME TABLE
| Application Period | Jun 29 (Wed) - noon, Jul 05 (Tue) |
| Price Determination Date | -- |
| Result Announcement Date | On or before Jul 12 (Tue) |
| Result Announcement Date | On or before Jul 12 (Tue) |
| Dealings in Shares commence on | Jul 13, 2022. (Wed) |
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 | $6.08 |
| Capitalization (H Shares) | 304.00M |
| NAV / share ($) | $6.12 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 6.08, the net proceeds raised would be HKD 259.80M, of which |
| 20% : Enhance sales of PNG by upgrading pipeline network and operational facilities |
| 30% : Expand business to other geographical areas through strategic acquisition |
| 30% : Expand into distributed photovoltaic power generation business |
| 10% : Promote the use of heat energy from vapour generated by natural gas through natural gas boilers |
| 10% : Working capital |
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).