Yuanxu Technology begins accepting shares today, and will be listed on Hong Kong Stock Exchange on July 2. It is exclusively sponsored by Dahua Securities.

来自新加坡的精密工程服务商元续科技(08637.HK)，于今日(6月21日)起至下周三(6月26日)招股，预计2024年7月2日在港交所GEM挂牌上市，大华继显独家保荐。

元续科技，计划全球发售2700万股(占发行完成后总股份的18%)，其中90%为国际发售、10%为公开发售。每股发售价介乎2.38~3.00港元之间，每手1000股，最多募资8100万港元。

假设每股发售价2.69港元(发售价范围中位数)，假设超额配股权未获行使，元续科技预计上市总开支约890万新加坡元，当中约100万新加坡元的包销香港开支(包括8%的包销佣金、2%的酌情奖金)、790万新加坡元的非包销香港开支(法律顾问及会计师费用开支约490万新加坡元、其他费用及开支约300万新加坡元)。

元续科技是次IPO，募资净额约2060万港元(按发售价中位数计)：约60.1%将用于扩充营运规模及提升产能；约15.4%将用于加强品质监控能力；约4.7%将用于加强营销活动，以保持与现有客户的关系及使客户基础更添多元；约9.8%将用于偿还用作一般营运资金的若干银行借款；约10%将用作营运资金及一般企业用途。

元续科技是次IPO，大华继显为其独家保荐人、独家整体协调人、独家全球协调人，其他包销商包括信达国际、迈时资本、老虎证券、集友国际资本。

招股书显示，元续科技在上市后的股东架构中，控股股东拿督斯里蔡水理先生通过SGP BVI持股39.10%、余伟娟女士(蔡先生的配偶)通过Baccini持股16.50%；程章金先生，通过Angelling持股8.20%；彭菁咪女士，持股5.44%；其他投资者包括：新加坡科技研究局的商业化部门Accelerate持股4.10%；KKR & Co. Inc.(KKR.NYSE)最终控制的MMI持股2.05%；Zou Shuling女士持股1.18%；Hong Haicheng女士持股1.11%；Soo Siew Har女士与Ho Gim Hai先生持股1.01%；Chua Lee Chai先生持股0.85%；Tan Beng Kiat先生持股0.85%；Deborah Chua Wee Wei女士持股0.85%；Tan Kok Thye George先生持股0.42%；Poh Seng Kah先生持股0.34%。其他公众股东持股18.00%。

元续科技，成立于2000年，作为一家精密工程服务供应商，专门为半导体及其他行业的国际公司提供复杂的精密机加工、精密焊接服务。公司亦为不同行业客户提供服务，包括半导体、航空航天、数据存储、油气行业，公司的客户大多是其行业公认的国际公司。根据灼识咨询报告，于2023年按收入计，元续科技在新加坡精密部件工程行业中的半导体行业排名第五，市场占有率为3.3%。

元续科技招股书链接：

https://www1.hkexnews.hk/listedco/listconews/gem/2024/0621/2024062100036_c.pdf

Singapore-based precision engineering service provider Yuan Xu Technology (08637.HK) began seeking for IPO today (June 21) and it is expected to be listed on the Hong Kong Stock Exchange GEM board on July 2, 2024. Dahua Jixian is the exclusive sponsor.

Yuanxu Technology plans to globally issue 27 million shares (18% of total shares after issuance) with 90% for international sales and 10% for public sales. The selling price per share ranges from HKD 2.38 to 3.00, with a minimum lot size of 1,000 shares, raising up to HKD 81 million.

Assuming a selling price of HKD 2.69 per share (the median of the offering price range) and the over-allotment option is not exercised, Yuanxu Technology expects to incur total expenses of approximately SGD 8.9 million for the listing, including approximately SGD 1 million in underwriting expenses in Hong Kong (including 8% underwriting commission and 2% discretionary bonus) and SGD 7.9 million in non-underwriting expenses in Hong Kong (including legal fees and accounting expenses of approximately SGD 4.9 million and other expenses of approximately SGD 3 million).

Yuanxu Technology's IPO is expected to raise a net amount of approximately HKD 20.6 million (calculated based on the median offer price): approximately 60.1% will be used to expand operating scale and increase production capacity; approximately 15.4% will be used to enhance quality control capabilities; approximately 4.7% will be used to enhance marketing activities to maintain and diversify customer base; approximately 9.8% will be used to repay bank borrowings for general working capital purposes; and approximately 10% will be used for general corporate purposes and working capital.

Yuanxu Technology's IPO's sole sponsor and global coordinator is Dahua-Jianxian, with Sinodata International, Maishi Capital, Tiger Securities, and Jiyu International Capital as underwriters.

According to the prospectus, in Yuanxu Technology's post-listing shareholding structure, Datuk Sri Chai Sui Leong holds 39.10% through SGP BVI, and Madam Yu Wei Juan (Mr. Chai's spouse) holds 16.50% through Baccini; Mr. Cheng Zhangjin holds 8.20% through Angelling; Ms. Peng Jingmi holds 5.44%; other investors include: Accelerate, the commercialization arm of the Singaporean Agency for Science, Technology and Research held 4.10%; MMI ultimately controlled by KKR & Co. Inc. (KKR.NYSE) owns 2.05%; Ms. Zou Shuling holds 1.18%; Ms. Hong Haicheng holds 1.11%; Ms. Soo Siew Har and Mr. Ho Gim Hai hold 1.01%; Mr. Chua Lee Chai holds 0.85%; Mr. Tan Beng Kiat holds 0.85%; Ms. Deborah Chua Wee Wei holds 0.85%; Mr. Tan Kok Thye George holds 0.42%; and Mr. Poh Seng Kah holds 0.34%. Other public shareholders own 18.00%.

Founded in 2000, Yuanxu Technology specializes in providing complex precision machining and precision welding services to international companies in the semiconductor and other industries as a precision engineering service provider. It also provides services to clients in different industries, including semiconductor, aviation, data storage, oil and gas industries, and most of its clients are internationally recognized companies in their respective fields. According to the Zhishi Consulting report, Yuanxu Technology ranks fifth in the semiconductor industry in Singapore's precision component engineering industry by revenue in 2023, with a market share of 3.3%.

Link to Yuanxu Technology's prospectus:

https://www1.hkexnews.hk/listedco/listconews/gem/2024/0621/2024062100036_c.pdf

The translation is provided by third-party software.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.

元续科技今起招股，7月2日香港上市，大华继显独家保荐

Yuanxu Technology begins accepting shares today, and will be listed on Hong Kong Stock Exchange on July 2. It is exclusively sponsored by Dahua Securities.

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