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02477 經緯天地
Listing Date2024/01/12
Listing Price1.000
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Wellcell Holdings Co is a telecommunication network support and information and communication technology (ICT) integration services provider and software developer in the PRC.


The Group engaged in the provision of telecommunication network support services, comprising wireless telecommunication network enhancement services and telecommunication network infrastructure maintenance and engineering services; ICT integration services; and telecommunication network-related software development services.


Its revenue from wireless telecommunication network enhancement services, telecommunication network infrastructure maintenance and engineering services, ICT integration services, telecommunication network-related software development services in 2022 accounted for approximately 0.8%, 0.01%, 0.03% and 2.5%, respectively, of the market share of these industries in the PRC in terms of revenue in the same year.


Its customers can be broadly categorised into: telecommunication operators; telecommunication network equipment manufacturers; telecommunication network and technical service providers and general contractors; and others. During the period comprising FY2020, FY2021, FY2022 and 6M2023, it had a total of 65, 81, 78 and 64 customers, respectively, all of which had its principal place of business in the PRC.

MarketHong Kong (Main Board)
Business NatureIT Hardware
Major Business AreaChina
Board Lot4000
No. of Offer Shares125.00M shares
No. of Public Offer Shares25.00M shares
No. of Placing Shares100.00M shares
Offer Price$1.00 - $1.30
Stock Code2477
Sponsor(s)Halcyon Capital Limited, Eddid Capital Limited
Underwriter(s)Eddid Securities and Futures Limited, Halcyon Securities Limited, China Everbright Securities (HK) Limited, Beta International Securities Limited, CMBC Securities Company Limited, China PA Securities (Hong Kong) Company Limited, Quam Securities Limited, Maxa Capital Limited, SBI China Capital Financial Services Limited, SPDB International Capital Limited, Innovax Securities Limited, Cinda International Capital Limited, Patrons Securities Limited, ZMF Asset Management Limited, Goldlink Securities Limited
Application PeriodDec 28 (Thu) - noon, Jan 09 (Tue)
Price Determination DateJan 10 (Wed)
Result Announcement DateOn or before Jan 11 (Thu)
Result Announcement DateOn or before Jan 11 (Thu)
Result Announcement DateOn or before Jan 12 (Fri)
Dealings in Shares commence onJan 12, 2024. (Fri)
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$1.00 - $1.30
Capitalization500.00M - 650.00M
NAV / share ($)$0.36 - $0.42 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 1.15, the net proceeds raised would be HKD 143.80M, of which
28% : Financing the initial funding needs for future ICT integration projects
25.7% : Pursuing new research and development undertakings
14.7% : Expanding manpower in project management
4% : Financing sales and marketing funding needs
17.6% : Repaying part of bank borrowings
10% : 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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