Quote | Super Quote
IPO   |   IPO News   |   Listed IPO Information   |   Hot Listed IPO
Stock Code   IPO News IPO Timetable
IPO Timetable
興科蓉醫藥控股
Sinco Pharmaceuticals Holdings
COMPANY PROFILE

Sinco Pharmaceuticals Holdings provides integrated MPCM (marketing, promotion and channel management) services to small- and medium-sized overseas pharmaceutical manufacturers that do not possess independent marketing and promotion capabilities in China. It is the third largest provider of marketing, promotion and channel management, or MPCM, services in the PRC pharmaceutical industry with a market share of 6.4% based on revenue in 2014, according to the Frost & Sullivan Report. It is also China's only MPCM services provider for plasma-based pharmaceuticals.

The Group's services include (i) formulating and executing marketing and promotion strategies; (ii) channel management services, including warehousing and delivery services, the tender processes, appointing and managing distributors, and inventory management; (iii) coordinating and managing product registration renewal and first-time product registration.

The best selling product in the Group's portfolio is Human Albumin Solution, a human albumin product manufactured by Octapharma. It is used to remedy hypovolemia and hypovolemic shock, abnormally high intracranial pressure, edema and ascites, and to prevent and cure hypoalbuminemia and neonatal hyper-bilirubinemia. Human Albumin Solution is the only human albumin product that can be used on premature infants. It has been the sole service provider with respect to Human Albumin Solution to 24 provinces, municipalities and autonomous regions in China since November 2012. In August 2015, Octapharma confirmed its exclusive right to service Human Albumin Solution in these regions.

Axetine and Medocef are antibiotics manufactured by Medochemie. Axetine is used for the treatment of bacterial infections, including respiratory infections, urinary tract infections, soft tissue infections, gynaecological and obstetrical infections, gonorrhoea and other infections, as well as the prevention of post-surgery infections. Medocef is used for the treatment of bacterial infections, including infections of the lower respiratory tract, such as pneumonia, urinary tract, bile duct, peritoneum, skin, soft tissue, pelvic area and sepsis. The Group added three new products to its portfolio in 2014, namely Taurolite, TAD and Esafosfina. Taurolite is manufactured by Bruschettini. Taurolite is used for the treatment of gallstone diseases, or cholelithiasis. TAD and Esafosfina are manufactured by Foscama. TAD is used for the treatment and prophylaxis of intoxications from ethyl alcohol, organophosphorus and several groups of drugs, as well as cell damage from ionising radiations and liver damage. Esafosfina was the only imported injectable fructose 1,6-diphosphate approved by the CFDA for treating hypophosphatemia and chromic diseases including alcohol intoxication, malnutrition and hypophosphatemic respiratory failure.

The Group entered into a collaboration agreement with Liaoning Wanjia to become the exclusive service provider for its seventh product, Xinneng Q10, a dietary supplement in China in September 2015. Xinneng Q10 is composed of Coenzme Q10, an oil-soluble antioxidant used to improve basic cell functions and is especially beneficial for the liver, kidney and pancreas.

BASIC INFORMATION
MarketHong Kong (Main Board)
Business NatureHealth & Personal Care
Websitewww.sinco-pharm.com
Board Lot4,000
Registrar & Transfer OfficeComputershare Hong Kong Investor Services
GLOBAL OFFERING
No. of Offer Shares400m shares
No. of International Placing Shares360m shares
No. of HK Offer Shares40.00m shares
Offer Price$0.80 - $1.11
Nominal ValueHK$ 0.0001 each
Stock Code6833
Sole Sponsor, Sole Global Coordinator, Sole Bookrunner and Sole Lead ManagerChina Merchants Securities (HK)
TIME TABLE
Application PeriodFeb 29 (Mon) - Noon, Mar 3 (Thu)
Price Determination DateOn or Before 5pm, Mar 3 (Thu)
Result Announcement DateOn or Before Mar 9 (Wed)
Dispatch of Shares and Refund ChequesOn or Before Mar 9 (Wed)
Dealings in Shares commence onMar 10, 2016. (Thu)
Reallocation of Shares Offered
Times of HK Offer Shares Subscription15X - 50X50X - 100XOver 100X
% of total shares reallocated to HK Offer30%40%50%
DIRECTORS
ExecutiveHuang Xiangbin (Chairman), Zhang Zhijie
Independent Non-ExecutiveChow Siu Lui, Wang Qing, Liu Wenfang
MAJOR SHAREHOLDERS
Director Huang Xiangbin65.625%
INCOME STATEMENT (RMB'000)
(Year ended Dec 31)
2015 *20142013
Revenue850,795950,079532,480
Gross Profit113,414129,77061,119
Pre-Taxed Profit63,39993,81250,919
Attributable Profit for the period51,08069,36736,539
EPS - Basic (cents)4.35.83.0
* For the ten months ended October 31, 2015.
FY 2015 PROFIT FORECAST (RMB)
Attributable Profit (not less than)67.8m
Unaudited pro forma EPS4 cents
OFFER STATISTICS (HK$)
Offer Price$0.80 - $1.11
Capitalization$1,280m - $1,780m
Unaudited pro forma adj NAV / share$0.23 - $0.31
USE OF PROCEEDS
Assuming the offer price being at the mid-point of $0.96, the net proceeds raised would be HK$324.8m, of which:
* $146.2m (45%) for acquisition of sales and distribution rights of new products; and acquisition of businesses in the pharmaceutical industry with proprietary intellectual property or growth potential;
* $107.2m (33%) to repay loans and bank trade credits;
* $45.5m (14%) to develop cold chain facility and research and development base located in Sichuan Shuangliu Bonded Area;
* the balance of $26.0m (8%) as additional working capital.
CHART
IPO NEWS
No related information.
RELATED STOCK COMPARISON
Code Name Nominal Change %Change
00867CMSup7.9500.1101.403%
01345PIONEER PHARMdown1.190-0.010-0.833%
06833SINCO PHARMAdown0.360-0.030-7.692%
Remark: The above information is referenced from the prospectus.
  All data is calculated from the non- exercise rights(if applicable).
  Quote data is at least 15-min delayed,last updated: 20/02/2019 17:59
IPO Calculator
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 0.003% and Stock Exchange trading fee of 0.005% (i.e. 1.008% in total).
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
 
Copyright 2019 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.