Texhong Marine Transport went public, with 6 cornerstone investors including Yinhao Group, and listed on the Hong Kong stock exchange on November 1st.

来自台湾的货柜航运公司德翔海运(02510.HK)，于今日(10月24日)起至下周二(10月29日)招股，预计2024年11月1日在港交所挂牌上市，摩根大通、招商证券国际联席保荐。

德翔海运，计划全球发售2.5094亿股(约占发行完成后总股份的约15.20%，另有15%发售量调整权)，其中90%为国际发售、10%为公开发售，另有15%超额配股权，每股发售价介乎3.50~4.50港元，每手1000股，最多募资约11.29亿港元。

假设每股发售价4.00港元(发售价区间中位数)，德翔海运预计上市总开支约1.077亿港元，包括2%~2.32%的包销佣金(视乎发售量调整权及超额配股权行使情况)、最高0.17%的酌情奖金、联交所上市费、证监会交易征费、联交所交易费、财汇局交易征费、法律及其他专业费用、印刷及其他开支等。

德翔海运此次IPO招股引入6名基石投资者，合共认购6387万美元(约4.96亿港元)的发售股份，其中长和(00001.HK)旗下和记港口认购1500万美元，洪绮励女士(洪英正先生的妹妹)认购1300万美元，林杰先生旗下的环世物流认购9999万港元(约1287万美元)，张顺吉先生及其家族全资拥有的Metro Shine认购900万美元，王意分女士(洪英正先生的弟媳)认购800万美元，联兴物流创始人洪英正先生全资拥有的Crane Movement(为德翔海运目前持股2.12%的股东)认购600万美元。

德翔海运此次IPO，募资净额约8.96亿港元(按发售价中位数计、发售量调整权及超额配股权未获行使)：约75.0%将用作于2024年4月订购的两艘7,000TEU新船舶及订立的船舶租赁合约；约15.0%将用于租用货柜；约10.0%将用于营运资金及其他一般公司用途。

德翔海运此次IPO，摩根大通、招商证券国际为其联席保荐人、整体协调人、联席全球协调人，其他包销商包括富途证券、元大证券、利弗莫尔证券。

招股书显示，德翔海运在上市后的股东架构，陈氏家族集团(陈德胜、庄壮丽夫妇，以及他们的子女陈劭翔先生、陈依琦女士)，通过Maritime Legacy合计持股37.49%；Sharafuddin先生通过Vision Investments持股37.49%；吴尚鹰先生直接及通过Kentship Holdings合计持股7.76%；洪英正先生通过Crane Movement持股1.80%；周宜强先生通过CICHK持股0.27%；全球发售股东持股15.20%。

德翔海运，成立于2001年，作为一家专注于亚太地区的货柜航运公司，在亚太地区中，专注于提供由大湾区出发的频繁服务，在该地区开展业务已有20年。根据德路里报告，截至2024年4月30日，按船队规模计，公司在专注于亚太地区的货柜航运公司中排名第6，市场份额2.3%，在全球货柜航运公司中排名第21，市场份额0.3%。截至2024年4月30日，德翔海运的货柜航运网络覆盖全球21个国家及地区、56个主要港口，经营9条独立航线服务、22条联营航线服务、15条通过仓位互换安排经营的航线服务及两天通过仓位租赁安排经营的航线服务。截至2024年4月30日，德翔海运拥有合共46艘船舶，包括36艘自有船舶及10艘租用船舶，总运力为111,011 TEU。

德翔海运招股书链接：

https://www1.hkexnews.hk/listedco/listconews/sehk/2024/1024/2024102400037_c.pdf

**** container shipping company De Xiang Shipping (02510.HK), will start trading today (October 24) until next Tuesday (October 29), expecting to be listed on the Hong Kong Stock Exchange on November 1, 2024, with JPMorgan and China Merchants International as joint sponsors.

De Xiang Shipping plans to globally offer 0.25094 billion shares (approximately 15.20% of the total shares after issuance, with an additional 15% over-allotment option), of which 90% are for international sale and 10% for public sale, with an additional 15% over-allotment option. The sale price per share ranges from 3.50 to 4.50 Hong Kong dollars, with a minimum subscription of 1,000 shares, raising a maximum of about 1.129 billion Hong Kong dollars.

Assuming a sale price per share of 4.00 Hong Kong dollars (midpoint of the price range), De Xiang Shipping anticipates total listing expenses of approximately 0.1077 billion Hong Kong dollars, including 2%-2.32% underwriting commission (depending on the exercise of the over-allotment and additional shares options), up to 0.17% discretionary bonus, Hong Kong Stock Exchange listing fee, Securities and Futures Commission trading levy, Hong Kong Stock Exchange trading fee, Financial Department trading levy, legal and other professional fees, printing and other expenses, etc.

In this IPO, De Xiang Shipping introduced 6 cornerstone investors, collectively subscribing to 63.87 million US dollars (approximately 0.496 billion Hong Kong dollars) of shares. CKH Holdings subsidiary Hutchison Ports subscribed to 15 million US dollars, Ms. Hung Chi-Li subscribed to 13 million US dollars, Mr. Lin Jie's Environment World Logistics subscribed to 99.99 million Hong Kong dollars (approximately 12.87 million US dollars), Mr. Cheung Shun-kit and his family-owned Metro Shine subscribed to 9 million US dollars, Ms. Wong Yi-Fen subscribed to 8 million US dollars, Crane Movement owned by Global Link Logistics founder Mr. Hung Ying-Ching (currently holding 2.12% of De Xiang Shipping) subscribed to 6 million US dollars.

In this IPO, De Xiang Shipping expects a net fund of approximately 0.896 billion Hong Kong dollars (assuming the exercise of over-allotment and additional shares options): about 75.0% will be used to order two new 7,000 TEU ships booked in April 2024 and contracted ship leasing agreements; about 15.0% will be used for container leasing; about 10.0% will be allocated to operating funds and other general corporate purposes.

In this IPO, JPMorgan, China Merchants Securities International serve as joint sponsors, overall coordinators, and joint global coordinators for De Xiang Shipping, with other underwriters including Futu Securities, Yuanta Securities, and LIVEMORE Securities.

According to the prospectus, De Xiang Shipping's post-listing shareholder structure includes the Chan Family Consortium (Mr. Chan Tak-Sing, Mr. Chuang Chuang-Li, and their children Mr. Chan Siu-Cheong, Ms. Chan Yi-Qi) holding a total of 37.49%; Mr. Sharafuddin holds 37.49% through Vision Investments; Mr. Ng Sheung-ying holds 7.76% directly and through Kentship Holdings; Mr. Hung Ying-Ching holds 1.80% through Crane Movement; Mr. Chow Yee-Keung holds 0.27% through CICHK; global offering shareholders hold 15.20%.

Established in 2001, De Xiang Shipping, as a container shipping company focused on the Asia-Pacific region, provides frequent services starting from the Greater Bay Area in the Asia-Pacific region, operating for 20 years in the region. As of April 30, 2024, according to Drewry report, the company ranks 6th in container shipping companies focused on the Asia-Pacific region in terms of fleet size, with a 2.3% market share, and ranks 21st among global container shipping companies with a 0.3% market share. As of April 30, 2024, De Xiang Shipping's container shipping network covers 21 countries and regions globally, 56 major ports, operates 9 independent routes, 22 joint routes, 15 routes operated through slot exchange arrangements, and two routes operated through slot leasing arrangements. As of April 30, 2024, De Xiang Shipping owns a total of 46 ships, including 36 self-owned ships and 10 chartered ships, with a total capacity of 111,011 TEU.

Link to the Detai Marine Transportation prospectus:

https://www1.hkexnews.hk/listedco/listconews/sehk/2024/1024/2024102400037_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.

德翔海运招股，引和记等6名基石投资，11月1日香港上市

Texhong Marine Transport went public, with 6 cornerstone investors including Yinhao Group, and listed on the Hong Kong stock exchange on November 1st.

来自台湾的货柜航运公司德翔海运(02510.HK)，于今日(10月24日)起至下周二(10月29日)招股，预计2024年11月1日在港交所挂牌上市，摩根大通、招商证券国际联席保荐。

德翔海运此次IPO，摩根大通、招商证券国际为其联席保荐人、整体协调人、联席全球协调人，其他包销商包括富途证券、元大证券、利弗莫尔证券。

**** container shipping company De Xiang Shipping (02510.HK), will start trading today (October 24) until next Tuesday (October 29), expecting to be listed on the Hong Kong Stock Exchange on November 1, 2024, with JPMorgan and China Merchants International as joint sponsors.

In this IPO, JPMorgan, China Merchants Securities International serve as joint sponsors, overall coordinators, and joint global coordinators for De Xiang Shipping, with other underwriters including Futu Securities, Yuanta Securities, and LIVEMORE Securities.

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