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02515 天津建發
Listing Date2024/04/23
Listing Price2.500
  • 1.160 -0.020 (-1.695%)    Sink Below Listing Price
  • 15-min delayed, last update: 28/05/2024 12:48
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Tianjin Construction Development Group is a construction group based in Tianjin which offers comprehensive construction services.


According to report, there were 2,547 construction enterprises in Tianjin in 2022, which the Group accounted for a market share of 0.1% in the overall construction market in terms of construction revenue in Tianjin in 2022. It ranked fourth among the private companies engaged in municipal public construction in Tianjin in terms of revenue generated from municipal public construction works in 2022, representing a market share of approximately 0.2%.


During the period comprising FY2021, FY2022 and FY2023, it generated its revenue mainly from construction business, comprising municipal public construction works, which mainly included road construction and traffic facilities construction; foundation works, which mainly included foundation construction and earthworks; building construction related works; and petrochemical engineering works.


The Group possessed 25 qualifications related to its construction business, which included two first-grade construction qualifications: first-grade qualification in petrochemical engineering construction general contracting; and first-grade qualification in foundation construction professional contracting.

MarketHong Kong (Main Board)
Business NatureConstruction
Major Business AreaChina
Board Lot2000
No. of Offer Shares53.95M H shares
No. of International Offer Shares26.97M H shares
No. of HK Offer Shares26.98M H shares
Offer Price$2.50 - $2.90
Stock Code2515
Sponsor(s)China Everbright Capital Limited
Underwriter(s)China Everbright Securities (HK) Limited, ABCI Securities Company Limited, Beta International Securities Limited, BOCOM International Securities Limited, CCB International Capital Limited, CEB International Capital Corporation Limited, Citrus Securities Limited, CMBC Securities Company Limited, Fortune Origin Securities Limited, Grand China Securities Limited, Livermore Holdings Limited, Long Bridge HK Limited, Realord Asia Pacific Securities Limited, SPDB International Capital Limited
Application PeriodApr 15 (Mon) - noon, Apr 18 (Thu)
Price Determination DateApr 19 (Fri)
Result Announcement DateOn or before Apr 22 (Mon)
Result Announcement DateOn or before Apr 22 (Mon)
Result Announcement DateOn or before Apr 23 (Tue)
Dealings in Shares commence onApr 23, 2024. (Tue)
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$2.50 - $2.90
Capitalization539.50M - 625.80M
NAV / share ($)$1.58 - $1.67 (Unaudited pro forma adj NAV / share)
Use Of Proceeds
Assuming the offer price being at HKD 2.7, the net proceeds raised would be HKD 102.50M, of which
55% : Fund up-front costs of potential projects
15% : Establish local branch offices in regions outside Tianjin
10% : Enhance R&D capabilities
10% : Acquire or invest in other construction companies that focus on petrochemical engineering and new energy engineering or new urban infrastructure construction
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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