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永聯豐集團控股
Best Linking Group Holdings
Nominal: 0.455 RT Quote
Open-offer-subscription Rate: 62.67x One Lot Success Rate: 30%
COMPANY PROFILE

Best Linking Group is principally a slewing ring manufacturer in the PRC and the slewing rings it produces are the necessary transmission part for some large-size machineries and equipment. Slewing rings have a wide application in many areas such as construction machineries and equipment, wind turbines, military equipment and machineries, robotics, etc..

The Group had a diverse customer base which includes customers from Hong Kong and the PRC, as well as overseas customers from countries such as Singapore, Malaysia, Northern Ireland, the United States, Japan and Thailand.

Its production facility is located in Changping of Dongguan and is leased from an Independent Third Party. Its production facilities, office, dormitory and building surrounding land occupy a total gross floor area of approximately 7,463 sq.m..

BASIC INFORMATION
MarketHong Kong (GEM)
Business NatureIndustrials
Websitewww.blg.hk
Board Lot5,000
Registrar & Transfer OfficeTricor Investor Services
SHARE OFFER
No. of Offer Shares100.00m shares
No. of Placing Shares90.00m shares
No. of Public Offer Shares10.00m shares
Offer Price$0.50 - $0.60
Nominal ValueHK$ 0.01 each
Stock Code8617
Sole SponsorLY Capital
Sole Bookrunner and Sole Lead ManagerPresident Securities (Hong Kong)
Co-lead ManagersLego Securities, LY Capital, Merdeka Capital, Upmax Securities
TIME TABLE
Application PeriodOct 31 (Thu) - Noon, Nov 5 (Tue)
Price Determination DateOn or Before 5pm, Nov 6 (Wed)
Result Announcement DateOn or Before Nov 14 (Thu)
Dispatch of Shares and Refund ChequesOn or Before Nov 14 (Thu)
Dealings in Shares commence onNov 15, 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
ExecutiveChan Yuk Pan (Chairman), Chan Lung Pan
Independent Non-ExecutiveChan Wan Tsun Adrian Alan, Tsang Hau Lam, Tam Ho Ting
MAJOR SHAREHOLDERS
Director Chan Yuk Pan75.00%
INCOME STATEMENT (HK$'000)
(Year ended Dec 31)
2019 *20182017
Revenue17,33146,26743,972
Gross Profit8,44521,70818,520
Pre-Taxed Profit25212,46714,695
Attributable Profit for the period(664)9,73512,463
* For the four months ended April 30, 2019.
OFFER STATISTICS (HK$)
Offer Price$0.50 - $0.60
Capitalization$200m - $240m
Unaudited pro forma adj NAV / share$0.19 - $0.21
USE OF PROCEEDS
Assuming the offer price being at the mid-point of $0.55, the net proceeds raised would be HK$31.0m, of which:
* $18.8m (60.6%) to enhance and expand production capability;
* $4.5m (14.6%) to enlarge market share and strengthen marketing efforts;
* $2.4m (7.6%) to increase level of automation;
* $1.9m (6.0%) to establish ERP system;
* $1.5m (5.0%) to expand finance department;
* $0.3m (0.8%) to enhance staff training;
* the balance of $1.6m (5.4%) as additional working capital.
CHART
IPO NEWS
No related information.
RELATED STOCK COMPARISON
Code Name Nominal Change %Change
00658C TRANSMISSIONdown4.530-0.010-0.220%
08617BEST LINKINGdown0.455-0.005-1.087%
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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