GON TECHNOLOGY
| Register Close | 2026/01/30 IPO Closing Tomorrow |
| Listing Date | 2026/02/04 |
| Register Close | 2026/01/30 IPO Closing Tomorrow |
| Listing Date | 2026/02/04 |
Qingdao Gon Technology Co. is a PRC-based supplier of new chemical materials and upstream and downstream products derived from gelatin and collagen. Serving the chemical industry and the health and wellness industry, the Group primarily engages in the R&D, production, and sales of its products for industrial and commercial use.
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In the field of chemicals, according to the report, in 2024, the Group ranked as China’s second-largest organic polymer modified materials and organic polymer composite materials enterprise by sales revenue with a market share of 2.5%. Additionally, it is China’s largest polystyrene enterprises by production capacity in 2024.
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In the field of health and wellness, according to the report, in terms of production, the Group was the second-largest bone gelatin producer in the Chinese market and the largest domestic bone gelatin producer in China in 2024. Furthermore, the Group was also the second-largest domestic empty capsules producer in China in 2024.
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For the Group’s chemicals segment, its customers include manufacturers from downstream industries such as automobiles, new energy and home appliances industry that utilize its new chemical materials for their production; and supply chain solution providers of downstream manufacturers. For the Group’s health and wellness segment, its customers mainly include medical and pharmaceutical manufacturers who use its products as raw materials for their production of downstream products.
| Market | Hong Kong (Main Board) |
| Business Nature | Chemicals |
| Major Business Area | China |
| Board Lot | 200 |
| No. of Offer Shares | 30.00M H shares |
| No. of International Offer Shares | 27.00M H shares |
| No. of HK Offer Shares | 3.00M H shares |
| Offer Price | $34.00 - $42.00 |
| Stock Code | 2768 |
| Sponsor(s) | China Merchants Securities (HK) Co., Limited |
| Underwriter(s) | China Merchants Securities (HK) Co., Limited, CLSA Limited, China International Capital Corporation Hong Kong Securities Limited, CMB International Capital Limited, Tiger Brokers (HK) Global Limited, Livermore Holdings Limited |
| Application Period | Jan 27 (Tue) - noon, Jan 30 (Fri) |
| Price Determination Date | Feb 02 (Mon) |
| Result Announcement Date | On or before Feb 03 (Tue) |
| Result Announcement Date | On or before Feb 03 (Tue) |
| Result Announcement Date | On or before Feb 04 (Wed) |
| Dealings in Shares commence on | Feb 04, 2026. (Wed) |
| Offer Price | $34.00 - $42.00 |
| Capitalization | 17.84B - 18.08B |
| NAV / share ($) | $22.71 - $23.49 (Unaudited pro forma adj NAV / share) |
| Assuming the offer price being at HKD 38, the net proceeds raised would be HKD 1.06B, of which |
| 50% : Expanding production capacity with a new production base in Thailand |
| 35% : Expanding production capacity with a new production base in Yixing, the PRC which is planned to be used for the production of organic polymer modified materials and/or organic polymer composite material |
| 10% : Investment in Hong Kong, including setting up regional headquarters to support future expansion into the international market |
| 5% : Working capital |
| Prospectus |
| Remark: | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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