Main date:
Closing date for public sale: 12: 00 noon on December 5, 2017
Announcement application results: December 14, 2017
Listing date: December 15, 2017
Guarantor:
Japan Capital Co., Ltd.
Summary of statistics:
Number of shares sold: 250000000 shares (50000000 shares are unsold shares) share of publicly sold shares: 10%
Sales: HK $0.4 to HK $0.6
Estimated collection of funds: HK $80 million to HK $120 million
Income per hand: HK $6060.46
A summary of the collection
To provide (I) construction and supporting services for joint construction contractors in Macau: mainly including foundation related works, landscape construction, alteration and addition works, road works, plumbing works, mechanical works and other supporting construction works; and (ii) urgent repair services: to provide maintenance services for related water supply infrastructure facilities according to the regular contract basis. These services are mainly used in a number of buildings and construction projects related to hotels and resorts, water supply infrastructure facilities, public facilities and public utilities.
During the previous visit period, all revenue from the fair came from Macau and participated in private and public agency projects.
Industry summary
According to the Frost Sullivan report, due to Macao's strong demand for major infrastructure development projects, the market size of construction and supporting services in Macau has increased strongly, from about 134 billion patacas in 2012 to about 47.1 billion patacas in 2016, with an annual growth rate of 36.9%. During the forecast period, due to the continuous increase in demand for construction and supporting services due to the re-development of the gaming and tourism industry, the projected construction and supporting services will continue to grow at an annual growth rate of 17.7% from 2017 to 2021, reaching about 1088 patacas by 2021.
Cymbals
Valuation
Most of the income of the collection comes from minority customers. In the five months to the end of May 2017, the top five customers accounted for about 91.2% of the total revenue. There is no guarantee that the contract for the main customer will continue to be obtained after the date of guarantee. If the number of items granted by the main customer is significantly small, or if the collection delays or defaults payment to the collection, and the collection fails to obtain a similar number of contracts from other customers instead, the performance and performance of the collection may be significantly adversely affected.
According to the IPO documents, assuming that the global development sale was completed on May 31, 2017, 9.2 shares were expected to be issued after the completion of the sale of long-term shares. equivalent to untested tangible assets per share of HK $0.17 to HK $0.21 (converted at an exchange rate of HK $1.00 to A $1.03).
The purpose of the income is:
Assuming that the amount of sale is HK $0.5 (the median of the range of sales), after deducting the estimated expenditure payable in respect of share sales, the net income is estimated at HK $75.3 million.
The percentage of the use of the collected income as a percentage of the income
It is used to provide financial support for the performance guarantee of future projects. 55%
Used in the manufacture of foreign machinery and equipment. 20%
It is used to further replenish manpower. 15%
The general fund used for collection. 10%
