Main date:
Public release closing date: 12: 00 noon on December 19, 2017
Announcement application results: December 27, 2017
Listing date: December 28, 2017
The family guarantor:
PUBG coupon Co., Ltd.
Summary of statistics:
Number of shares sold under global sales: 100000000 shares
Proportion of shares sold in Hong Kong: 10.0%
Sales: HK $1.50 to HK $1.80
Estimated collection of funds: HK $150 million to HK $180 million
Income per hand: HK $3636.28
A summary of the collection
It is a collection of national high-tech enterprises that specialize in the application and solution of smart products and solutions in China. Set to provide tailor-made products, applications and solutions, including 1) provide extensive and customized solutions for applications and related technologies; 2) develop, produce and sell customized smart end products; 3) provide customized component development services And 4) provide information system hardware and hardware maintenance services to meet the needs and requirements of customers in terms of safety production supervision, hazard supervision and other specific items such as property management, customer management and personnel management. According to the Falls report, it is one of the top five suppliers of active RFID equipment in China based on sales revenue for the year ended April 1, 2016 to March 31, 2017.
Industry summary
According to Frost & Sullivan data, the market size of China's RFID equipment has increased from 6.4 billion yuan in 2010 to 34.7 billion yuan in 2016, with a compound annual growth rate of 32.5 percent. In anticipation of the Chinese government's support policy, the widespread use of RFID technology and the huge demand for high-end equipment, the market for RFID facilities in China will increase to 112.5 billion yuan in 2021, with a complex annual growth rate of 26.5% from 2016 to 2021.
Cymbals
The supplier and customer base of the collection are very concentrated. In the year ended March 31, 2017, the five major suppliers of the collection accounted for 93.6% of the total revenue of the collection, and the revenue from the five major customers accounted for 86.0% of the total revenue during the period. If the supplier reduces the amount of raw materials or services supplied to the collection, or if the major customers send fewer orders to the collection, it may have a significant adverse impact on the collection business.
Valuation
According to the IPO document, if the global offering has been completed on July 31, 2017, shares should account for between HK $0.53 and HK $0.60 per share of tangible assets (calculated at the rate of HK $1.00 to HK $0.8616 per share) based on the 4.00 shares expected to be issued after the completion of the offering.