08629 集信國控
SYNTRUST GK
SYNTRUST GK
| Listing Date | 2024/09/06 |
| Listing Price | 9.900 |
Subscription Result
- Subscription Rate14.33x
- Guarantee One Lot Size20 lot
- One Lot Success Rate10.06%
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IPO Detail
COMPANY PROFILE
Guangdong Syntrust GK Testing and Certification Tech Service Center Co is principally engaged in the provision of construction engineering testing and inspection services, serving customers in Maoming, Guangdong Province of China. It
headquartered in Xinyi City, Maoming.
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The Group primarily offer construction engineering testing services including foundation testing service, infrastructure and public roads testing service, construction material testing service, as well as building structure testing service. Additionally, it provide construction engineering inspection services including slope monitoring and foundation pit monitoring services.
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The Group’s customer base primarily consists of entities involved in the construction industry in China, including private and public sector entities such as property developers and construction companies, stateowned investment companies, relevant PRC government institutions and PRC government administrative bureaus.
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As at August 2024, the Group had obtained accreditation in a total of 39 categories for testing and inspection services relating to construction engineering, product and material testing, environmental testing, food testing and agricultural related testing approved by the Guangdong AMR under the Inspection and Testing Agency Qualification Certificate, and we offer testing services with over 2,700 parameters under the 39 categories.
BASIC INFORMATION
| Market | Hong Kong (GEM) |
| Business Nature | Construction |
| Major Business Area | China |
| Board Lot | 500 |
GLOBAL OFFERING
| No. of Offer Shares | 10.18M H shares |
| No. of Placing Shares | 9.16M H shares |
| No. of Public Offer Shares | 1.02M H shares |
| Offer Price | $8.60 - $10.40 |
| Stock Code | 8629 |
| Sponsor(s) | Yue Xiu Capital Limited, Huajin Corporate Finance (International) Limited |
| Underwriter(s) | Huajin Securities (International) Limited, Yue Xiu Securities Company Limited, Eddid Securities and Futures Limited, GLAM Capital Limited, Livermore Holdings Limited, Orient Securities (Hong Kong) Limited |
TIME TABLE
| Application Period | Aug 26 (Mon) - noon, Sep 03 (Tue) |
| Price Determination Date | Sep 04 (Wed) |
| Result Announcement Date | On or before Sep 05 (Thu) |
| Result Announcement Date | On or before Sep 05 (Thu) |
| Result Announcement Date | On or before Sep 06 (Fri) |
| Dealings in Shares commence on | Sep 06, 2024. (Fri) |
Reallocation of Shares Offered
| Times of HK Offer Shares Subscription | 15X - 50X | 50X - 100X | Over 100X |
| % of total shares reallocated to HK Offer | 30% | 40% | 50% |
Sales Statistics (HKD)
| Offer Price | $8.60 - $10.40 |
| Capitalization | 291.80M - 352.90M |
| NAV / share ($) | $4.95 - $5.46 (Unaudited pro forma adj NAV / share) |
Use Of Proceeds
| Assuming the offer price being at HKD 9.5, the net proceeds raised would be HKD 54.40M, of which |
| 27.5% : Used for expanding our construction engineering testing services |
| 27.7% : Strengthening our existing market presence in Maoming and expanding its service footprint into the 3rd to 5th tiers cities in Western Guangdong |
| 37.4% : Diversifying its testing and inspection services beyond construction engineering |
| 5.5% : Upgrading ERP system |
| 1.9% : Working capital |
IPO NEWS
| 05/09/2024 18:35 |
| {New Stock}SYNTRUST GK(08629) ends up 20% on grey market |
| 05/09/2024 16:20 |
| {New Stock}SYNTRUST GK up 14.14% at HK$11.3 on grey market |
Related Document
| Prospectus |  Chinese Version | English Version |
| Remark： | The above information is referenced from the prospectus. |
| All data is calculated from the non- exercise rights(if applicable). |
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*Admission fees include brokerage of 1%, SFC transaction levy of 0.0027%, Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015% (i.e. 1.0077% in total).