Introduction of shares
Main date:
Public release closing date: 12: 00 noon on December 18, 2018
Announcement application results: December 28, 2018
Listing date: December 31, 2018
The family guarantor:
Grant Thornton Finance Co., Ltd.
Summary of statistics:
Total number of shares sold: 120000000 shares
Share of publicly sold shares: 10%
Sales: HK $1.05 to HK $1.25
Estimated collection of funds: HK $126 million to HK $150 million
Income per hand: HK $2525.20
A summary of the collection
Jiguan is a repair contractor in Hong Kong with more than 22 years of experience since the establishment of Haicheng Bridge, one of the main subsidiary companies. The maintenance services of the complex include: (I) carrying out renovation works for new buildings; and (ii) carrying out internal reassembly works for existing buildings involving upgrading, renovation and demolition of existing buildings. The collection mainly provides repair services to the residential and commercial property industries in Hong Kong on a project basis. The repair items of the collection are awarded through a promotional invitation or a report invitation. The collection provides a series of repair services such as ceiling, metal and glass engineering, as well as built-in furniture, wood flooring, furniture and wooden door installation. To a small extent, Jichang also supplies repair materials (such as wood products) to Hong Kong according to customer requirements.
Industry summary
From Ipsos,2013 to 2017, the total output value of Hong Kong's training industry increased from about 22.4 billion Hong Kong dollars to about 28.5 billion Hong Kong dollars, with a compound annual growth rate of 6.2 percent. Due to the expected growth of the residential and commercial repair industry, the total output value of Hong Kong's residential and commercial repair industry is expected to increase from about 31.3 billion Hong Kong dollars to about 39.2 billion Hong Kong dollars from 2018 to 2022, with a compound annual growth rate of 5.8 percent.
Cymbals
The five major customers of the collection account for the main portion of the revenue, while any significant shortfall in the number of items with the major customers or cause a significant adverse effect on the account list of the collection. In addition, the collection mainly obtains new services through customer invitation or subscription, and the future collection does not necessarily invite the provision of reports or participation procedures for new projects, and the reports and headers submitted by the collection may not necessarily be included in the customer review. As a result, the number and size of projects and the benefits that collectors can derive from different periods may vary greatly.
Valuation
According to the IPO document, assuming that the global development sale was completed on July 31, 2018, shares should account for HK $0.38 to HK $0.43 per share of tangible assets per share, based on the approximately 4.80 shares expected to occur after the completion of the offering.