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World Super Holdings
Nominal: 0.069 RT Quote
Open-offer-subscription Rate: 28.19x One Lot Success Rate: 35.01%
COMPANY PROFILE

World Super Holdings mainly undertakes provision of rental services of crawler cranes, oscillators, RCDs and hydromill trench cutter for construction projects in Hong Kong and Macau; trading of new or used crawler cranes, RCDs, trench cutters, oscillators and/or related spare parts, and provision of transportation services and other services.

The Group source new construction machinery for its plant hire service mainly from German, Korean and Austrian manufacturers or their affiliates in Hong Kong, while its used construction machinery is sourced from local or overseas traders in countries such as China, Korea and Singapore. The Group also leased certain construction machinery from other construction machinery service providers for sub-leasing to its customers.

The Group major customers include construction companies engaged in construction projects mainly in Hong Kong and Macau.

BASIC INFORMATION
MarketHong Kong (GEM)
Business NatureConstruction
Websitewww.worldsuperhk.com
Board Lot10,000
Registrar & Transfer OfficeTricor Investor Services
GLOBAL OFFERING
No. of Offer Shares150m shares
No. of Public Offer Shares15.00m shares
No. of Placing Shares135m shares
Offer Price$0.40 - $0.55
Nominal ValueHK$ 0.01 each
Stock Code8612
Sole SponsorGrand Moore Capital
Joint BookrunnersElstone Securities, Sun International Securities
Joint Lead ManagersElstone Securities, Sun International Securities, Grand Moore Capital
Co-ManagersFirst Fidelity Capital (International), CRIC Securities
TIME TABLE
Application PeriodJun 27 (Thu) - Noon, Jul 3 (Wed)
Price Determination DateOn or Before 5pm, Jul 5 (Fri)
Result Announcement DateOn or Before Jul 11 (Thu)
Dispatch of Shares and Refund ChequesOn or Before Jul 11 (Thu)
Dealings in Shares commence onJul 12, 2019. (Fri)
Reallocation of Shares Offered
Times of HK Offer Shares Subscription15X - 50X50X - 100XOver 100X
% of total shares reallocated to HK Offer30%40%50%
DIRECTORS
ExecutiveSou Peng Kan Albert (Chairman), Fok Hei Yuen Paul
Non-ExecutiveLeung Man Chiu
Independent Non-ExecutiveLee Tak Fai Thomas, Yau Lut Pong Leo, Yue Wai Leung Stan
MAJOR SHAREHOLDERS
Director Sou Peng Kan Albert43.75%
Director Fok Hei Yuen Paul12.50%
Sze Chun Lee 9.38%
Yam Tak Cheung6.25%
INCOME STATEMENT (HK$'000)
(Year ended Dec 31)
201820172016
Revenue43,78138,36434,571
Gross Profit25,26920,67012,657
Pre-Taxed Profit10,7921,397(4,750)
Attributable Profit for the period8,026(679)(4,234)
OFFER STATISTICS (HK$)
Offer Price$0.40 - $0.55
Capitalization$240m - $330m
Unaudited pro forma adj NAV / share$0.178 - $0.222
USE OF PROCEEDS
Assuming the offer price being at the mid-point of $0.475, the net proceeds raised would be HK$43.7m, of which:
* $10.7m (24.6%) use to purchase new construction machinery ;
* $10.3m (23.5%) use for settlement of the remaining amount of consideration payable for a newly acquired crawler crane ;
* $1.0m (2.4%) use for recruiting and expanding its team of skilled and technical personnel ;
* $17.4m (39.7%) use for repayment of bank borrowings;
* the balance of $4.3m (9.8%) as additional working capital.
CHART
IPO NEWS
No related information.
RELATED STOCK COMPARISON
Code Name Nominal Change %Change
01341HAO TIAN INTLdown0.123-0.013-9.559%
01581PROGRESSIVE Punchange0.1380.0000.000%
01660ZHAOBANGJI PPTunchange1.2000.0000.000%
08142TAK LEE MACHunchange0.2300.0000.000%
08425HING MING HLDGSdown1.490-0.050-3.247%
08612WORLD SUPERup0.0690.0046.154%
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: 03/07/2020 17:58
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